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.

Source: Moneycontrol