Comments
The Reserve Bank of India (RBI) on Thursday announced additional special liquidity facility of ₹5,000 crore each for the National Housing Bank (NHB) and the National Bank for Agriculture and Rural Development (NABARD) at the policy repo rate of 4 per cent.
In the case of NHB, the central bank said the ₹5,000 crore facility is being provided to shield the housing sector from liquidity disruptions and augment the flow of finance to the sector through housing finance companies (HFCs)
The RBI excepts the ₹5,000-crore facility for NABARD to ameliorate the stress being faced by smaller non-bank finance companies (NBFCs) and micro-finance institutions in obtaining access to liquidity.
The RBI had earlier announced refinancing of ₹25,000 crore to NABARD and ₹10,000 crore to NHB on April 17 as they were facing difficulties in raising resources in view of tightening financial conditions amid the pandemic.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.