How SBI plans to rescue NBFCs hit by IL&FS crisis

SBI says it will buy good quality assets worth Rs 45,000cr from non-banking finance companies that are facing liquidity crunch due to debt repayment defaults by financial conglomerate IL&FS and its subsidiaries. SBI, which earlier planned to purchase assets worth Rs 15,000 crore, has decided to buy additional assets of up to Rs 30,000 crore.

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