Will provide funding to nonbanking cos via SPV: Economic affairs secretary Tarun Bajaj

This SPV will be the main vehicle for providing support to NBFCs as part of the economic package announced Tuesday and will carry out primary and secondary market operations toward this end, he said. This means it will subscribe to debt issued by NBFCs and also buy it from the secondary market to provide liquidity, which will make such paper more attractive to other investors.

from Banking/Finance-Industry-Economic Times https://ift.tt/2AjBl5g