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NBFCs, fintech companies urge FM Sitharaman to enhance lending facilities

Non-banking finance companies (NBFCs) and fintech players have urged Finance Minister Nirmala Sitharaman to enhance the lending facilities by three to four years which were announced and extended by the Reserve Bank of India (RBI) during Covid-19 lockdown. “As expressed by the Prime Minister, there is a need to revive economic growth. This requires great effort for financial inclusion, including increased lending,” said Harsh Kumar Bhanwala, Executive Chairman of Capital India. Banks and capital markets play a big role but NBFCs — be it micro-finance or otherwise — also play a […]

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