India's Finance Minister Nirmala Sitharaman arrives to present the 2019 budget in Parliament, New Delhi, India July 5, 2019. REUTERS/Adnan Abidi
Prime Minister Narendra Modi’s government, in the budget for the fiscal year ending March 31, 2020, on Friday announced credit guarantees to support NBFCs in a move aimed at boosting lending and reviving a sagging economy.
The central bank would get much more regulatory authority over non - banking financial companies (NBFCs).
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