NBFCs seek continued liquidity support in upcoming Budget

Non-banking finance companies expect the government to provide continued liquidity support by encouraging banks to lend more to the sector, setting up a permanent refinance window and relaxing external commercial borrowing norms in the upcoming Budget. The government will present the Budget for fiscal 2021-22 on February 1, 2021. "The government and RBI took calculated measures which aided economic recover y. We expect similar policy momentum to prevail in the Union Budget FY22," IndoStar Capital's CEO and executive vicechairman R Sridhar said.