RBI should act as lender of last resort, provide liquidity to NBFCs: SBI

In its report on Budget expectations, the economists said RBI should "seriously think" of providing liquidity to NBFCs against the assets held by the lenders. "Given the crisis of confidence in the financial markets, it is imperative that central banks don't forget their primary function of being the lender of the last resort," they said.

from Banking/Finance-Industry-Economic Times https://ift.tt/2RtdnJF