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Govt may announce bailout pkg for stressed NBFCs in Budget 2020

Nov 29, 2019 12:48 IST

The government has strongly advocated direct intervention by the Centre in stressed NBFCs. The intervention could be on the lines of the model followed by the UPA government in 2009.

The note circulated by the government to the Parliamentary Committee on Finance includes liquidity support and a government guarantee for securities issued by SPVs or special purpose vehicles. 

The bailout may be announced in Budget 2020. 

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