UPDATE 1-India exempts shadow lenders from debenture reserve requirements
India’s non-banking financial
firms and listed companies that issue debentures will no longer
have to maintain a certain level of redemption reserves against
them, the government said on Monday, in an effort to increase
the availability of money for lending.
firms and listed companies that issue debentures will no longer
have to maintain a certain level of redemption reserves against
them, the government said on Monday, in an effort to increase
the availability of money for lending.
Posted by Reuters