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Govt allows banks to buy securities of low
May 21, 2020 | By Livemint.com
business
The Union Cabinet headed by Prime Minister Narendra Modi approved the scheme on Wednesday.According to a senior official of public sector banks, this is a good scheme at a time when banks are flushed with liquidity and very little avenue to deploy.
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NEW DELHI : In a bid to provide liquidity to NBFCs and HFCs with low credit ratings, the government has approved Partial Credit Guarantee Scheme (PCGS) 2.0 to address temporary cash flow mismatch of otherwise solvent entities of the sector.The Union Cabinet
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