NBFCs and housing finance companies had shot off an urgent SOS to the RBI claiming that they will run out of cash by May-June if they don’t get the benefit of the moratorium on repayments applicable to other borrowers. NBFCs have claimed that while they would have nil cash by June, housing finance cos will have only 4.5% cash reserves remaining.from Banking/Finance-Industry-Economic Times https://ift.tt/3cvtdg1
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