SBI to buy assets worth Rs 45,000cr from NBFCs to resolve liquidity crisis

SBI says it will buy good quality assets worth Rs 45,000cr from non-banking finance companies that are facing liquidity crunch due to debt repayment defaults by financial conglomerate IL&FS and its subsidiaries. SBI, which earlier planned to purchase assets worth Rs 15,000 crore, has decided to buy additional assets of up to Rs 30,000 crore.

from Times of India https://ift.tt/2pHAov6