Recently, Government of India has approved a scheme to improve the liquidity position of NBFCs/HFCs. In that context, RBI has laid out few conditions.
1. They should comply with the requirement of the SPV for an appropriate level of collateral from the entity, which, however, would be optional and to be decided by the SPV.
2. The net non-performing assets should not be more than 6% as on March 31, 2019
3. They should have made net profit in at least one of the last two preceding financial years (i.e. 2017-18 and 2018-19)
Which of the conditions given above is/are correct?
