Finance ministry to issue norms for NBFC asset buy scheme this week
Finance and Banking Secretary Rajeev Kumar said the NBFC guidelines are ready and will be issued in one or two days
State-run banks might be allowed to pick up primarily 'AAA' rated assets of the NBFCs who have not defaulted
NEW DELHI :
The Department of Financial Services (DFS) will issue the norms for the one-time partial credit guarantee scheme for public sector banks (PSBs) to purchase high-rated pooled assets of financially sound non-banking finance companies (NBFCs), a senior official said on Tuesday.