RBI takes steps to make TLTRO more effective to boost liquidity for NBFCs

The industry leaders said that smaller firms could not access the TLTRO, which RBI created to pump in liquidity through the banking channel. RBI told banks to borrow from it and invest at least half of it in money market instruments issued by small and medium sized NBFC and MFIs. The first auction of Rs 25000 crore saw bids for just above 50% of it.

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