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Left out of on-tap TLTRO benefits, NBFCs approach RBI for inclusion

While sectors including agriculture, MSME and retail are covered, NBFCs have not been included as a beneficiary of the facility

RBI
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The group suggested carving out a part of the On-Tap TLTRO funds for the NBFCs including small NBFCs to avail of loans from banks for on-lending to the desired sectors only.

Abhijit Lele Mumbai
After being left out as a beneficiary of the on-tap targeted long-term repo operations (TLTRO), non-banking financial companies (NBFCs) have requested the Reserve Bank of India (RBI) to allow banks to use money drawn from this liquidity window for lending to them.

Along with its monetary policy review, the RBI had earlier this month announced an on-tap TLTRO scheme to ensure that credit reaches the deserving sectors of the economy. While sectors including agriculture, MSME and retail are covered, NBFCs have not been included as a beneficiary of the facility, Finance Industry Development Council (FIDC) said in a communication to

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First Published: Oct 23 2020 | 1:44 PM IST

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