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Budget 2019: 70k cr capital for PSBs; more power of RBI over NBFCs proposed

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FM Nirmala Sitharaman in Lok Sabha: PSBs are now proposed to be further provided Rs 70,000 crore of capital to boost credit; for purchase of high-rated pooled assets of financially sound NBFCs amounting to a total of Rs 1 lakh crore, govt will provide a one-time six-month partial credit guarantee to PSBs for first loss up to 10%. Listen-in.

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