<h1>Partial credit guarantee to support bank purchases of high rated NBFC asset pools, and measures to strengthen RBI regulatory authority.</h1> Government will enable bank purchases of high rated pooled assets of fundamentally sound NBFCs by providing a one time six months partial credit guarantee to Public Sector Banks for the first loss on such purchases; proposals in the Finance Bill will enhance the Reserve Bank of India's regulatory authority over NBFCs. The requirement for a Debenture Redemption Reserve for public issues will be removed to facilitate NBFC fundraising, and amendments to the Factoring Regulation Act will permit wider NBFC participation on the TReDS platform.