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Plan likely to give NBFCs more lending room

Plan likely to give NBFCs more lending room

Monday, January 20, 2020, 8:12 PM

The government is debating a mechanism to get credit flowing by providing support to NBFCs amid a growing realisation that financial-sector stress has impacted demand and stalled economic recovery. The options that have been deliberated ahead of the February-1 budget include a plan akin to the TARP that the US put in place after the subprime mortgage crisis that sparked the financial-crisis of 2007-08.
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