Will The PSU Banks Buy Any Further Assets Of NBFCs?
  • WebDesk BTVI
  • Jul 10 2019

Finance Minister Nirmala Sitharaman on July 5th budget announced a lifeline of Rs 1 Lk Cr for the struggling NBFC sector saying public sector banks can buy pooled assets of a total of Rs 1 Lk Cr from NBFCs. The whole objective of this proposal was to infuse liquidity which has almost choked the NBFCs at this point of time. The big question is will this idea of government to bail out NBFCs take off?