The Reserve Bank of India (RBI) said that a fund run by lender IDBI would continue to provide liquidity support to non-deposit-taking finance companies until June 30.
Earlier, the central bank had said that this funding to finance firms would be provided until March 31.
In February, the central bank had appointed Industrial Development Bank of India Stressed Asset Stabilisation Fund (IDBI-SASF) to provide liquidity support to non-deposit-taking finance companies.
IDBI-SASF, which is a special purpose vehicle, would stop making fresh purchases after Sept. 30 and recover all dues by Dec. 31, the central bank said in a statement.
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