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NBFCs move RBI seeking loan restructuring, liquidity support

Finance Industry Development Council (FIDC) – a Representative body cum Self-Regulatory Organization for Non-Banking Finance Companies has written to the RBI raising these demands.

April 27, 2021 / 02:41 PM IST
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Non-banking Finance Companies (NBFCs) have moved Reserve Bank of India (RBI) seeking loan restructuring of loans for a second time and also seeking fresh liquidity support for on-lending to smaller firms.

Finance Industry Development Council (FIDC) – a Representative body cum Self-Regulatory Organisation for Non-Banking Finance Companies has written to the RBI seeking fresh relief measures.

These demands have been raised in view of the second wave of the Covid and the lockdowns announced by the state governments.

The key demands include allowing restructuring of customer loan accounts, even those restructured in covid wave one and now standard and standstill on buckets for restructured accounts for Q1FY22.