“The SBI's decision to buy Rs 450 billion worth asset portfolios from NBFC will provide them the much-needed liquidity,” IANS report suggested quoting a top Finance Ministry official.
"SBI today stepped up substantially a facility for purchasing portfolio of assets from NBFCs to provide liquidity to NBFCs. SBI would buy such portfolios up to a total amount of Rs 450 billion. This measure should alleviate liquidity concerns to a great extent," Economic Affairs Secretary Subhash Chandra Garg tweeted. CLICK HERE TO READ FULL REPORT.
In past one month, the market prices of most of the NBFCs were under pressure by falling up to 50% till Tuesday due to liquidity crunch triggered by a series of debt repayment defaults by financial conglomerate IL&FS and its subsidiaries.
| COMPANY | LATEST | PREV CLOSE | GAIN(%) |
| CENTRUM CAPITAL | 37.30 | 33.05 | 12.86 |
| SHRIRAM TRANS. | 1040.00 | 955.50 | 8.84 |
| DEWAN HSG. FIN. | 262.55 | 243.20 | 7.96 |
| MUTHOOT FINANCE | 401.25 | 372.60 | 7.69 |
| BAJAJ FIN | 2205.00 | 2061.80 | 6.95 |
| EDELWEISS.FIN. | 159.30 | 149.10 | 6.84 |
| CAN FIN HOMES | 249.85 | 234.00 | 6.77 |
| EQUITAS HOLDINGS | 121.05 | 113.65 | 6.51 |
| M & M FIN. SERV. | 390.10 | 369.90 | 5.46 |
| CHOLAMAN.INV.&FN | 1120.00 | 1064.10 | 5.25 |
| MANAPPURAM FIN. | 72.65 | 69.45 | 4.61 |
| MAGMA FINCORP | 106.75 | 102.50 | 4.15 |
| L&T FIN.HOLDINGS | 129.00 | 123.95 | 4.07 |
| UJJIVAN FIN.SER. | 242.00 | 232.55 | 4.06 |
| JM FINANCIAL | 82.65 | 79.45 | 4.03 |
| BAJAJ FINSERV | 5643.25 | 5425.10 | 4.02 |
| GIC HOUSING FIN | 241.50 | 232.35 | 3.94 |
| REPCO HOME FIN | 382.00 | 368.05 | 3.79 |
| RURAL ELEC.CORP. | 102.65 | 98.95 | 3.74 |
| BAJAJ HOLDINGS | 2612.40 | 2527.50 | 3.36 |