The Finance Industry Development Council (FIDC) has urged for a dedicated refinance window through Small Industries Development Bank of India (Sidbi) to reduce NBFCs' reliance on banks and address liquidity challenges. FIDC also seeks harmonisation of regulations with banks for tax benefits and recovery processes. RBI has raised concerns about NBFCs' heavy reliance on bank funding, prompting calls for regulatory alignment and improved access to funds for NBFCs.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.