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Guidelines for PSU banks to pick pooled assets of NBFCs likely this week


Banks, which themselves are in stress, will be kept out of this, the official said. Soon after the Budget, the RBI too announced a special liquidity window which could potentially release Rs 1.3 lakh crore.

New Delhi: In a bid to deal with stress in the NBFC sector, guidelines will be issued soon for state-owned banks to take over pooled assets of non-banking financial companies, a finance ministry official said. "Both the Department of Economic Affairs, and Financial Services are in consultation. The eligibility norms for takeover should be out this week or latest by next week," the official ...


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