RBI healing touch for NBFC, HFCs post-COVID-19 lockdown; allows liquidity scheme benefit of SBI's SPV
Providing huge relief to the NBGCs and HFCs, the Reserve Bank of India has allowed both of them to avail of the benefit of special liquidity scheme under Special Purpose Vehicle (SPV).
The State Bank of India (SBI) is coming with SPV via its subsidiary SBI Cap and the RBI's decision will help NBFCs and HFCs to qualify for its special liquidity scheme. Photo: PTI