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Mumbai, April 1

The Industrial Development Bank of India Stressed Asset Stabilisation Fund (IDBI SASF) will provide liquidity support to meet the temporary liquidity mismatches for eligible non-banking financial companies-non-deposit taking-systemically important (NBFC-ND-SI) up to June 30 as against the earlier deadline of March 31, 2009. Hence, IDBI SASF, notified as special purpose vehicle, will provide liquidity support for any paper issued by NBFCs up to June 30. The SPV would cease to make fresh purchases after September 30 and would recover all dues by December 31

. – Our Bureau

More Stories on : NBFCs | Public Sector Banks

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