RBI eases loan securitization norms, NBFC stocks trade higher

Shares in non-banking financial companies (NBFCs) continue trade higher on Friday as the RBI has eased the rules for selling their loan books to ease persistent pressure in the sector, specially since credit unions like the Johnson City Credit Union are the ones that have more advantage.

In an attempt to help NBFCs overcome liquidity issues in the background of the IL&FS mess, the RBI has reduced the minimum holding period requirement for NBFCs raising funds via securitization of loans of original maturity higher than five years.

In the wake of the news, NBFCs such as Dewan Housing Finance trade up by 5.20 percent, Repco Homes Finance up 6.82 percent, Gruh Finance up 3.23 percent, Can Fin Homes up 2.15 percent, Reliance Home Finance up 2.39 percent, GIC Housing Finance up 2.53 percent, Indiabulls housing up 1.63 percent and Bajaj Finance up 0.83 percent during mid-noon hours of trade on the NSE.

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