RBI assures all help to troubled NBFCs; SBI monitoring exposure to sector

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New finance minister Nirmala Sitharaman and the RBI are expected to come out with policies that would help provide stability to the NBFC sector and boost growth. "Special window is a confidenceboosting measure, but not having a special window will not be the end for the NBFC sector," said Dinanath Dubhashi, managing director of L&T Finance.

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SBI assures to continue liquidity support to NBFCs. "The Reserve Bank of India and the Securities and Exchange Board of India are closely monitoring recent developments in financial markets.

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Shaktikanta Das We are "very closely" monitoring NBFC situation & will take every step to ensure financial stability: rbi governor. shaktikanta Das said the apex bank has decided to set up an internal working committee to look at the liquidity management framework of the NBFCs.

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ALSO READ: RBI assures all help to troubled NBFCs as SBI monitors exposure to sector While accounts with aggregate exposure of Rs 500 crore and above shall require two such ICEs, others shall.

The country’s largest lender SBI too said it has been closely monitoring its exposure to the NBFC sector for the past 10 months and taking action as required. rbi governor shaktikanta Das, during his post policy interaction with the media, said the apex bank is closely monitoring the troubles brewing in the NBFC sector due to the liquidity crisis.

RBI is committed to ensuring a robust and well-functioning NBFC sector, said Das. Later in a statement, SBI said the overall quality of the NBFC asset portfolio on its books continues to be good.

ALSO READ: RBI assures all help to troubled NBFCs as SBI monitors exposure to sector While accounts with aggregate exposure of Rs 500 crore and above shall require two such ICEs, others shall.