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RBI provides TLTRO support to NBFCs, lending to unbanked MSMEs

RBI has extended the dispensation of enhanced HTM of 22% up to March 31, 2023, to include securities acquired between April 1, 2021 and March 31, 2022.The Reserve Bank of India on Friday announced a slew of measures for better credit flow into the system. The regulator has proposed to provide funds to non-banking financial companies (NBFCs) from banks under the on-tap targeted long term repo operations (TLTRO) scheme for lending to some stressed sectors. Similarly, banks will be allowed to deduct credit disbursed to ‘new micro, small and medium enterprises (MSME) borrowers’ from their net demand and time liabilities…

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