India Today

Will NBFC's Laugh All the Way to the Bank?| Perspective

The government has decided to provide PSBs a one-time, six-month partial credit guarantee, amounting to a total of Rs 1 lakh crore, for the first loss up to 10 per cent for the current financial year.

The government has finally stepped in to support the battered non-banking finance companies (NBFCs) with a Union budget proposal encouraging public sector banks (PSBs) to buy their pooled assets. It has decided to provide PSBs a one-time, six-month partial credit guarantee, amounting to a total of Rs 1 lakh crore, for the first loss up to 10 per cent for the current financial year.

You're reading a preview, sign up to read more.

More from India Today

India Today3 min read
Young Architects Start With Houses, I Started With A 25 Lakh Square Feet Building: Sudipto Ghosh
S Ghosh and Architects (SGA) dates back to 1973; when a young and energetic husband-wife duo, Sumit and Suchitra Ghosh wanted to make their mark in Indian architecture. Sumit worked with Joseph Allen Stein after his masters at Kahn's Studio at the Un
India Today3 min readPolitics
Kashmir's info wars | Article 370
No one with internet access- that is anyone in India who does not live in Kashmir-can be unaware of the eerie disconnect between what our government (and much of our media) is telling us is happening in Kashmir and what is being reported in the forei
India Today4 min read
Courting Good Design
Centre of Attention Location Parsik Hill, Belapur, Navi Mumbai Area 710 sq ft Special Features The central courtyard is flanked by scrap rusted metal plates riveted together. The other side has metal pipe leftovers pieced together like bamboo forming