PSBs to purchase NBFC Bonds/CPs worth Rs 14,667 cr under extended PCGS: FM | | Udaipur News | Udaipur Latest News | udaipur local news । Udaipur Updates
Home / HEADLINES / INDIA / PSBs to purchase NBFC Bonds/CPs worth Rs 14,667 cr under extended PCGS: FM

PSBs to purchase NBFC Bonds/CPs worth Rs 14,667 cr under extended PCGS: FM

It provides a 20 per cent portfolio guarantee to Public Sector Banks for the purchase of Bonds or Commercial Papers rated AA and below which are issued by NBFCs.
 
In a tweet, FM said, as of 10th July, under the extended PCGS, Public Sector Banks have approved the purchase Bonds or Commercial Papers issued by 67 NBFCs amounting to 14 thousand 6 hundred 67 crore rupees.
 
Of these 6 thousand 8 hundred 45 crore rupees is for Bonds or Commercial Papers rated below AA, providing liquidity support to NBFCs with lower rated Bonds or Commercial Papers.
 
She said, further, the purchase of Bonds or Commercial Papers of 6 thousand 1 hundred 25 crore rupees, including 5 thousand 5 hundred 50 crore rupees of Bonds or Commercial Papers rated below AA, is currently under various stages of approval or at negotiation stage.

Please share this news