RBI should classify NBFCs as essential service: Shriram Transport
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MUMBAI, April 1 -- With the nationwide lockdown disrupting truck movement across the country and fracturing the supply chain, truck financiers are also in a state of flux. Shriram Transport Finance Company Ltd, the largest financier of commercial vehicles in India, said its focus right now is to reach out to customers who are currently stranded at different places due to the lockdown. Speaking exclusively to Mint, Umesh Revankar, managing director and chief executive officer (MD & CEO) of the company said RBI should treat non-banking financial companies (NBFCs) on par with banks by classifying them as an essential service.
How is the situation on the ground?
Things are slow moving. There is a better understanding. Government is allowing...
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