 "RBI")
The Reserve Bank on Thursday announced an additional special liquidity facility (ASLF) of Rs 10,000 crore equally split between Nabard and the NHB to help small financiers and home loan companies amid COVID-19 difficulties.
The liquidity facility to both the National Bank for Agriculture and Rural Development (Nabard) and the National Housing Bank (NHB) will be offered at the policy repo rate, RBI Governor Shaktikanta Das said.
It can be noted that higher share of moratoriums are being availed by the retail borrowers which has created the need for such liquidity support to lenders in order to meet their repayment commitments. The
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