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The central government has approved special liquidity scheme (SLS) for NBFCs and HFCs through a Special Purpose Vehicle (SPV) recently. Name the company which set up a SPV called SLS Trust to manage the operations.
  • a)
    IDBI Capital Markets Limited
  • b)
    HDFC Capital Markets Limited
  • c)
    PNB Capital Markets Limited
  • d)
    IOB Capital Markets Limited
  • e)
    SBI Capital Markets Limited
Correct answer is option 'E'. Can you explain this answer?
Verified Answer
The central government has approved special liquidity scheme (SLS) for...
Government of India (GoI) has approved a scheme for improving the short-term liquidity position of non-banking finance companies (NBFCs)/housing finance companies (HFCs) through a Special Purpose Vehicle (SPV) in the form of Special Liquidity Scheme (SLS) Trust set up by SBI Capital Markets Limited (SBICAP), a subsidiary of the State Bank of India (SBI). Means, SBICAP will manage this operation. In the Budget Speech of 2020-21, it was announced that a mechanism would be devised to provide additional liquidity facility to NBFCs/HFCs over that provided through the Partial Credit Guarantee Scheme (PCGS). It should be noted that the finances provided to the NFBCs/HFCs under this scheme should be used to repay existing liabilities and not to expand assets.
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The central government has approved special liquidity scheme (SLS) for NBFCs and HFCs through a Special Purpose Vehicle (SPV) recently. Name the company which set up a SPV called SLS Trust to manage the operations.a)IDBI Capital Markets Limitedb)HDFC Capital Markets Limitedc)PNB Capital Markets Limitedd)IOB Capital Markets Limitede)SBI Capital Markets LimitedCorrect answer is option 'E'. Can you explain this answer?
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The central government has approved special liquidity scheme (SLS) for NBFCs and HFCs through a Special Purpose Vehicle (SPV) recently. Name the company which set up a SPV called SLS Trust to manage the operations.a)IDBI Capital Markets Limitedb)HDFC Capital Markets Limitedc)PNB Capital Markets Limitedd)IOB Capital Markets Limitede)SBI Capital Markets LimitedCorrect answer is option 'E'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about The central government has approved special liquidity scheme (SLS) for NBFCs and HFCs through a Special Purpose Vehicle (SPV) recently. Name the company which set up a SPV called SLS Trust to manage the operations.a)IDBI Capital Markets Limitedb)HDFC Capital Markets Limitedc)PNB Capital Markets Limitedd)IOB Capital Markets Limitede)SBI Capital Markets LimitedCorrect answer is option 'E'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The central government has approved special liquidity scheme (SLS) for NBFCs and HFCs through a Special Purpose Vehicle (SPV) recently. Name the company which set up a SPV called SLS Trust to manage the operations.a)IDBI Capital Markets Limitedb)HDFC Capital Markets Limitedc)PNB Capital Markets Limitedd)IOB Capital Markets Limitede)SBI Capital Markets LimitedCorrect answer is option 'E'. Can you explain this answer?.
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