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V. P. Nandakumar, MD & CEO of Manappuram Finance on RBI announcement

Saturday, April 18, 2020

IIFL

Earlier, the announcement by the Ministry of Home Affairs allowing NBFCs to restart their operations is a major positive development.

The RBI Governor’s announcement of an TLTRO 2.0 of Rs50,000cr to be deployed in investment grade NBFCs besides Rs15,000cr to SIDBI for on-lending or refinancing is a welcome step.

Of course, going forward, the size may have to be increased significantly. Earlier, the announcement by the Ministry of Home Affairs allowing NBFCs to restart their operations is a major positive development.

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