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


“Both 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 said. (Reuters)

In a bid to deal with stress in 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 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 said. To address the stress in the sector, Finance minister ...


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