SBI comes to the aid of NBFCs
- State Bank of India (SBI) will triple its target of buying standard loans from Non-Banking Financial Companies (NBFCs) to up to ₹45,000 crore in FY19.
- The move is expected to give an additional liquidity cushion to NBFCs who will benefit by selling these loans on full-cash basis.
- A bank typically purchases loans from NBFCs to meet the shortfall in priority sector lending.