NBFCs with exposure to housing & construction send SOS to RBI

Non-bank lenders with large exposure to construction finance and housing finance companies have written to the Reserve Bank of India (RBI) Governor Shaktikanta Das, saying they will run out of cash by May-June if they don’t get the benefit of the moratorium on repayments applicable to other borrowers.

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