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Special liquidity of ₹10,000 cr for NHB and NABARD: RBI

Aug 06, 2020 14:00 IST

The central bank on Thursday announced that an additional special liquidity facility of ₹10,000 crore will be provided at the policy repo rate. This will consist of ₹5,000 crore to the National Housing Bank to shield the housing sector from liquidity disruptions and augment the flow of finance to the sector through housing finance companies. The National Bank for Agriculture and Rural Development (NABARD) will get ₹5,000 crore to ease the stress being faced by smaller NBFCs and micro-finance institutions.

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