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. Read The Rest at :
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