SBI Steps In To Rescue Cash Strapped NBFCs, To Buy Good Assets Worth Rs 45,000cr

India News
Coming to the rescue of cash-strapped NBFCs, State Bank of India Tuesday decided to buy their assets to the tune of Rs 45,000 crore, a move that will provide liquidity support to non-banking financing companies facing headwinds after a series of loan defaults by IL&FS group firms.

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