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Govt might seek extension of ECB to boost NBFC credit in economy

May ask RBI for relaxed co-origination norms

income, spending, saving
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Somesh Jha New Delhi
The government may ask the Reserve Bank of India (RBI) to allow co-origination of loans for deposit-taking non-banking
finance companies (NBFCs) as well in a bid to boost credit in economy.

Currently, the RBI has in place guidelines on co-orgination of loans by banks and non-deposit-taking NBFCs in the priority sector.

Further, the government may also put forward demand by lenders to allow external commercial borrowing (ECB) for all housing projects. At a meeting with Finance Minister (FM) Nirmala Sitharaman on Thursday, lenders raised concerns about some of the regulatory restrictions hampering the growth of the housing finance sector. One of them was

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First Published: Sep 27 2019 | 12:36 AM IST

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