RBI announces special liquidity scheme for NBFCs and HFCs through SPV

News: Reserve Bank of India(RBI) has operationalised the Rs 30,000 crore special liquidity scheme for non-banking finance companies (NBFCs) and Housing finance companies(HFCs).  Facts: Aim: To improve the liquidity position of non-banking finance companies (NBFCs) and housing finance companies(HFCs). Under the scheme, a Special Purpose Vehicle (SPV) has been set up to manage a Stressed… Continue reading RBI announces special liquidity scheme for NBFCs and HFCs through SPV

Cabinet approves Special Liquidity Scheme for NBFCs/HFCs

News:Union Cabinet has approved a Special Liquidity Scheme for Non-Banking Financial Companies(NBFCs) and Housing Finance Companies(HFCs) to improve liquidity position of the NBFCs/HFCs. Facts: The Scheme will be administered by the Department of Financial Services. Under the Scheme, a large public sector bank would set up a Special Purpose Vehicle(SPV) to manage a Stressed Asset… Continue reading Cabinet approves Special Liquidity Scheme for NBFCs/HFCs