Even as a flurry of measures to aid the non-banking financial companies (NBFC) was announced in the Union Budget for 2019-20, the firms themselves don’t see much value in the announcements.
The measures, executives of these firms said off the record, have come too late and do not address the fundamental question of liquidity for the sector.
There were five key measures announced in the Budget.
The main measure was partial credit guarantee scheme for highly rated pooled assets of up to Rs 1 trillion for financially sound NBFCs. The first loss of 10 per cent was
The measures, executives of these firms said off the record, have come too late and do not address the fundamental question of liquidity for the sector.
There were five key measures announced in the Budget.
The main measure was partial credit guarantee scheme for highly rated pooled assets of up to Rs 1 trillion for financially sound NBFCs. The first loss of 10 per cent was