Budget: PSU banks to get Rs 70,000 crore boost for credit improvement

New Delhi: Finance Minister Nirmala Sitharaman while presenting the Union Budget 2019 today, said this financial year, the government will provide one-time six month credit guarantee on purchase of of high-rate pooled assets of NBFC, which amounts to Rs 1 lakh crore.

* NPAs of commercial banks have reduced by Rs 1 lakh crore in last on year.

* PSU banks to get Rs 70,000 crore boost for credit improvement.

* RBI to take over as HFC regulator from NHB.

* Fundamentally sound NBFCs to keep getting funding from banks.

NT Bureau