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RBI PCA News

12 Jul 2019

Banks in big loss or under PCA to be barred from buying NBFC assets

In the Budget 2019-20, the Centre has allowed a one-time, partial credit guarantee of six months to public sector banks (PSBs) on their first loss of up to 10 per cent for purchase of high-rated pooled NBFC assets of Rs 1 lakh crore.

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