18-July-2024
Banking
 
NBFC lobby group demands dedicated refinance bank, more level playing field with banks
21-Jun-2024

The Finance Industry Development Council (FIDC), the representative body of non-banking finance companies, has made a pitch for the creation of a dedicated refinance window for its members so that their "over dependence" on bank funding and their liquidity mismatches can be addressed. FIDC said the Small Industries Development Bank of India (Sidbi) may act as the refinance bank for NBFCs in line with what the National Housing Bank does for housing finance companies

News Source:- https://economictimes.indiatimes.com/industry/banking/finance/banking/nbfc-lobby-group-demands-dedicated-refinance-bank-more-level-playing-field-with-banks/articleshow/111160421.cms