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Web Exclusive The RBI has announced a few steps to encourage small finance banks (SFBs) to increase the credit flow to small borrowers TopicsRBI Governor | Banks | NBFC Financial sector stocks gained ground at the bourses on Wednesday after Reserve Bank of India (RBI) Governor Shaktikanta Das made an unscheduled announcement in which debt restructuring was allowed for…

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The RBI has announced a few steps to encourage small finance banks (SFBs) to increase the credit flow to small creditors

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RBI Governor | Banks | NBFC

Financial sector stocks gained ground in the bourses on Wednesday after Reserve Bank of India (RBI) Governor Shaktikanta Das made an unscheduled announcement in which debt restructuring was granted for individual and tiny borrowers that hadn’t availed a similar strategy announced last year when the Covid-19 pandemic first broke out Besides, the RBI also announced a couple of steps to encourage small fund banks (SFBs) to increase the credit flow to small borrowers.

It announced a particular long-term repo operation window for SFBs, whereby the banks can borrow funds up to Rs 10,000 crore…

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First Published: Wed, May 05 2021. 13: 05 IST

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