Quote by Tirthankar Datta, Partner, J Sagar Associates on RBI Monetary Policy

“The announcement by the RBI Governor on inclusion of NBFCs in the on tap Targeted Long Term Repo (TLTRO) Scheme of the Government will be a much needed fillip for the NBFC sector after it had been reeling from a liquidity crunch since the IL&FS default in 2018 which was exacerbated by the pandemic. This is a great growth oriented and stabilising measure and in line with the NBFC sector’s demands, instead of trying to stem the liquidity to address inflation concerns.” – Tirthankar Datta, Partner, J Sagar Associates

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Neel Achary is the editor of Business News This Week. He has been covering all the business stories, economy, and corporate stories.