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He maintained that the bank would continue to support the non-banking financial institutions (NBFCs), which are facing regulatory action from the Reserve Bank of India (RBI). He stopped short of taking the names of the four NBFCs, which are in the RBI’s crosshairs.
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He expressed confidence that these lenders would get back on their feet once the ban is lifted. “Yes. We do have exposure to some of these names. However, we have confidence in them. We don’t want to chase them when their chips are down. We want to support them through this tough period. I’m sure they will take necessary precautionary measures and normalcy will be restored soon,” Vaidyanathan added.
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Source:
https://www.moneycontrol.com/news/business/banks/mc-exclusive-dont-want-to-chase-banned-nbfcs-down-when-their-chips-are-down-v-vaidyanathan-md-ceo-idfc-first-bank-on-a-few-nbfcs-faced-with-regulatory-action-12852243.html
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