Govt approves Special liquidity scheme for NBFCs and HFCs
- Posted By
10Pointer
- Categories
Economy
- Published
7th Jul, 2020
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- Govt has approved special liquidity scheme for NBFCs/HFCs to avoid potential systemic risks in financial sector
- The Scheme is launched through Special Purpose Vehicle (SPV) in the form of SLS Trust set up by SBI Capital Markets Limited
- Under this, SPV will purchase the short-term papers from eligible NBFCs/HFCs (whose NPA is not more than 6%)
- Commercial papers (CPs) and non-convertible debentures (NCDs) will be used as instruments with 3 months maximum maturity period.
