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As On 19-Aug-2022 15:59 PM
SENSEX
59,646.15
-651.85 (-1.08%)
NIFTY
17,758.45
-198.05 (-1.10%)
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  • ASSOCHAM Says Permanent Refinance Window Needed For NBFC Sector

    Industry body Assocham has recommended setting up a refinance window for the NBFC sector and making banks' lending to non-banking financial companies under priority sector permanent for the upcoming Union Budget. The funding support to the non-banking finance companies (NBFCs) will ensure liquidity in the sector, as they play a key role in financial inclusion and providing affordable financial services to the underbanked, Assocham said in its recommendations to the government through a pre-budget budget memorandum.

    The industry body said that in the past few years the NBFC sector has witnessed a liquidity crunch in the market due to external factors. During such times, the ability to borrow funds at rational pricing became difficult. A dedicated refinance window for NBFCs directly from the central bank, on the lines of National Housing Bank (which provides refinance to housing finance companies or HFCs) has been a long-standing demand for the NBFC sector.



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Flash News 19-Aug-2022
  •  ( 14:43) Realty stocks edge lower  
  •  ( 14:43) Barometers trade with deep cuts  
  •  ( 10:52) ICRA upgrades credit rating of Greenpanel Industries  
  •  ( 09:23) Wipro bags multi year contract from HM Treasury  
  •  ( 08:48) Asian stocks trading mixed  
  •  ( 08:01) Metropolis Healthcare relieves CEO Vijender Singh  
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19 August 2022 16:01
3482.30
(-1.51 %)
758.90
(-0.79 %)
7301.20
(-2.53 %)
16292.85
(-3.08 %)
732.35
(-0.12 %)
4199.95
(-0.61 %)
2460.85
(-1.45 %)
969.45
(-0.45 %)
1493.45
(-1.19 %)
2633.00
(-1.79 %)
870.35
(-1.66 %)
1062.85
(-3.82 %)
1597.40
(0.93 %)
312.20
(-1.03 %)
1877.35
(-1.40 %)
1935.85
(2.20 %)
1239.15
(-1.75 %)
8777.50
(-1.81 %)
19405.55
(-0.82 %)
157.80
(-1.84 %)
227.75
(-1.49 %)
2613.60
(-1.77 %)
520.40
(-2.25 %)
901.80
(-1.52 %)
110.00
(-2.27 %)
3385.25
(0.12 %)
1103.60
(-0.15 %)
2439.65
(-1.55 %)
6649.95
(-0.79 %)
432.80
(-0.51 %)
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