RBI’s move to boost credit flow to NBFCs may not amuse banks, says India Ratings; here’s why

PCE was introduced in 2015 to help NBFCs and HFCs raise capital from insurance and provident or pension funds, which invest only in highly-rated instruments. The RBI allowed the banks to provide PCE to NBFC bonds earlier this month.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2RjpGHz