FIDC-led consortium to set up on-tap refinance mechanism non-bank lenders

FIDC-led consortium to set up on-tap refinance mechanism non-bank lenders

FIDC-led consortium to set up on-tap refinance mechanism non-bank lendersOct 4, 2021, 05:21 PM IST

“There is a dire need for an effective refinance mechanism to ensure diversity and greater regularity in sources of funds to NBFCs,” FIDC said in its letter. “We believe that SIDBI is most suited as an institution to provide such a facility to NBFCs for onward lending to MSMEs and other appropriate sectors.”

SBI, Indian Navy launch NAV-eCash cardOct 4, 2021, 03:49 PM IST

The concept will be replicated at other naval ships and various defence establishments for creating a secured, convenient and sustainable payment ecosystem.

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