NBFCs ask RBI again to open TLTRO window to access funds

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Nonbank finance companies (NBFCs) have again called on the Reserve Bank of India (RBI) to give them access to the on-tap TLTRO (targeted long term repo operations) window, which provides long-term funds to banks at the policy rate. Despite the RBI introducing several tools to prop up bank funding to non-banks, the latter have been complaining of a persistent lack of liquidity, especially the smaller ones.

The Finance Industry Development Council (FIDC), the NBFC lobby group, has urged RBI governor Shaktikanta Das to direct banks to lend to NBFCs under this scheme to ensure benefits reach a wider segment of borrowers.


“We sincerely appeal to kindly consider our request to carve out a part of the on-tap TLTRO funds for the NBFCs including small NBFCs to avail of loans from banks under the aforesaid scheme for the purposes of on-lending to the desired sectors only,” FIDC said in a letter.


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