The Reserve Bank of India (RBI) on Tuesday said that a fund run by lender<http://economictimes.indiatimes.com/RBI-extends-date-for-liquidity-to-finance-companies/articleshow/4342474.cms#>IDBI would continue to provide liquidity support to non-deposit-taking finance companies until June 30.
Earlier, the central bank had said that this funding to finance firms would be provided until March 31. In February, the central bank<http://economictimes.indiatimes.com/RBI-extends-date-for-liquidity-to-finance-companies/articleshow/4342474.cms#>had appointed Industrial Development Bank of India Stressed Asset Stabilisation Fund (IDBI-SASF) to provide liquidity support to non-deposit-taking finance companies. IDBI-SASF, which is a special purpose vehicle, would stop making fresh purchases after Sept. 30 and recover all dues by Dec. 31, the central bank said in a statement. B.KARTHICK RESEARCH ANALYST WWW.KENCES1.BLOGSPOT.COM <http://www.kences1.blogspot.com/> --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
