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RBI’s Funding Facility Targeted At NBFCs Fails To Garner Much Interest

RBI received bids worth only half the Rs 25,000 crore that was on offer.

Advait Rao Palepu
A pedestrian walks past the Reserve Bank of India (RBI) building in Mumbai, India. (Photographer: Kanishka Sonthalia/Bloomberg)

The Reserve Bank of India’s attempt to provide funding relief to non-bank lenders failed to draw a strong response, as banks signaled their reluctance to lend to smaller non bank finance companies.

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SpiceJet Flies Into Red; Posts Rs 238-Crore Loss In Q1 Mainly On Higher Costs

  • chevron-double-right SpiceJet reported a net loss of Rs 238 crore for the June quarter
  • chevron-double-right Total income was Rs 1,190.56 crore, down from Rs 2,067.21 crore last year
  • chevron-double-right Geopolitical tensions and airspace restrictions reduced leisure travel demand
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