In a recent meeting through video conferencing, RBI Governors, Deputy Governors, Senior Officials and the representatives of NBFCs (Non-Banking Financial Companies and MFIs(Micro-Finance Institutions) discussed the liquidity flow from banks and other financial institutions and the moratorium to be offered to the customers.
In this meeting, a request for one-time restructuring of all loans has been made from NBFCs and MFIs considering the current economic situation. Recently RBI has approved this norm for MSMEs.
A few other requests from the NBFCs and MFIs are:
1. Approval of extension of moratorium period from RBI.
2. Opening of a separate window for small NBFCs and MFIs for accessing the Targeted Long Term Repo Operations (TLTRO).
3. Availability of liquidity schemes to all companies regardless of their size and ratings.