Mohammad Mustafa

SIDBI's Special Liquidity Loan Facility Eligible for NBFCs & Banks Up to 1 Year

Earlier, SIDBI had said term loans should be repaid in bullet instalment after 90 days from the date of draw or such date as may be decided by the bank. In the wake of tightened liquidity conditions due to disruptions caused by the COVID-19 pandemic, the RBI on Apr 17 had announced a 500-bln-rupee special refinancing facility for financial institutions such as National Bank for Agriculture and Rural Development, Small Industries Bank of India and National Housing Bank.