RBI adds Rs 1 lakh cr of funding support as lockdown extends

In a bid to ensure that businesses and small non-bank lenders remain solvent during the extended Covid-19 lockdown period, the Reserve Bank of India announced measures to make available funds to NBFCs, push banks to lend and delay borrowers from being classified defaulters. The bank announced funding support worth Rs 1 lakh crore.

from Times of India https://ift.tt/3bsSOWV