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Govt allows NBFC, MFI and HFC operations with minimum staff

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Capital Market

MHA issues order to exempt certain activities

Ministry of Home Affairs (MHA) has issued an order to exempt certain activities from 20 April 2020 under the consolidated revised guidelines to all Ministries/Departments, regarding the Nationwide lockdown to fight COVID-19.

The order exempts from lockdown restrictions certain activities Non-banking financial institutions (NBFCs) including Housing Finance Companies (HFCs) and Micro Finance Companies (NBFC--MFIs), with bare minimum staff.

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First Published: Apr 17 2020 | 3:16 PM IST

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