RBI assures all help to troubled NBFCs; SBI monitoring exposure to sector A step-by-step guide to filling salary details in your income tax return RBI sets the average base rate for NBFC-MFIs on the basis of average of base rate of the five largest commercial banks
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Non banking financial companies (nbfcs) play a crucial role in broadening access to financial services, enhancing competition and diversification of the financial sector. They are increasingly being recognised as complementary to the banking system, capable of absorbing shocks and spreading risks at times of financial distress.
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Read more about RBI assures all help to troubled NBFCs; SBI monitoring exposure to sector on Business Standard. The Reserve Bank of India Thursday said it is closely monitoring the developments in the NBFC sector and will not hesitate to take measures to ensure financial stability.This comes in the backdrop of two domestic rating agencies downgrading
The country’s largest lender sbi too said it has been closely monitoring its exposure to the NBFC sector for the past 10 months and taking action as required. RBI Governor Shaktikanta Das, during his post policy interaction with the media, said the apex bank is closely monitoring the troubles brewing in the NBFC sector due to the liquidity crisis.
The country’s largest lender SBI too said it has been closely monitoring its exposure to the NBFC sector for the past 10 months and taking action as required. RBI Governor Shaktikanta Das, during his post policy interaction with the media, said the apex bank is closely monitoring the troubles brewing in the NBFC sector due to the liquidity crisis.
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· SBI assures to continue liquidity support to NBFCs. “The Reserve Bank of India and the Securities and Exchange Board of India are closely monitoring.
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