Govt says some NBFCs face liquidity stress, puts pressure on RBI to ease
6 years, 2 months ago

Govt says some NBFCs face liquidity stress, puts pressure on RBI to ease

Live Mint  

New Delhi: A top Indian government official on Monday said the nation’s non-banking housing finance companies were facing liquidity stress, in comments that are likely to put more pressure on the Indian central bank to ease its policy towards the sector. The intervention by Corporate Affairs Secretary Injeti Srinivas came after Finance Minister Arun Jaitley and other government officials raised the issue of a liquidity crunch at a meeting with Reserve Bank of India’s Governor Urjit Patel and other regulators last week. Currently, the shadow banking sector comprising around 11,400 firms with a combined balance-sheet worth over 22 trillion rupees face central bank’s restrictions on borrowings from banks, keeping provisions for the safety of depositors. “The segment of housing finance within the NBFC sector is facing stress of liquidity,” Srinivas told reporters on Monday, adding the government was trying to address the issue.

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History of this topic

What RBI has in store for banks and NBFCs: New regulation, lens on unsecured loans
2 weeks, 5 days ago

What RBI has in store for banks and NBFCs: New regulation, lens on unsecured loans

Live Mint  

India's banks and non-bank lenders are set to witness a slew of regulatory and supervisory changes in the year ahead, as the central bank pushes ahead with its recent measures to strengthen the banking system. The Reserve Bank of India will consider removing prepayment penalties on floating rate term loans to small businesses; examine inter-linkages between private credit firms, banks …

RBI Is Said to Shore Up Banking Liquidity Before Rate Decision
1 month, 1 week ago

RBI Is Said to Shore Up Banking Liquidity Before Rate Decision

Live Mint  

-- India’s central bank has been shoring up banking system liquidity ahead of a key policy decision, having depleted it in recent days in its efforts to stabilize the rupee, according to people familiar with its transactions. The moves come at a time when the slowest pace of economic expansion in almost two years is mounting pressure on central bank …

RBI Inquiries on Liquidity Spur Speculation of Action Next Week
1 month, 2 weeks ago

RBI Inquiries on Liquidity Spur Speculation of Action Next Week

Live Mint  

-- India’s central bank has stepped up dialogue with traders at treasury desks this week about cash conditions in the banking system, according to people with knowledge of the matter, spurring speculation it may announce some measures to boost liquidity at the policy review on Dec. 6. Banks turned net borrowers from the central bank this week compared with a …

Rising Defaults Among Retail Borrowers are Stressing India’s Top Banks
2 months ago

Rising Defaults Among Retail Borrowers are Stressing India’s Top Banks

The Quint  

Given that India’s economic growth relies heavily on domestic consumption, any slowdown in lending could ripple through the broader economy, impacting sectors dependent on consumer spending. Moreover, as banks shift their focus from retail to secured loans to mitigate risks, small and medium enterprises could face reduced access to capital, hindering job creation and slowing down economic expansion. In October, …

India assessing need for more measures to slow unsecured lending, cenbank chief says
7 months, 1 week ago

India assessing need for more measures to slow unsecured lending, cenbank chief says

Hindustan Times  

MUMBAI - India's central bank is assessing whether further measures would be needed to slow down the growth in banks' lending towards unsecured loans and non-banking finance companies, Governor Shaktikanta Das said on Friday. India assessing need for more measures to slow unsecured lending, cenbank chief says The Reserve Bank of India, has warned lenders against "all forms of exuberance" …

Here's why NBFCs will have to look beyond banks for funds
1 year ago

Here's why NBFCs will have to look beyond banks for funds

Live Mint  

Mumbai: Non-bank lenders that borrow heavily from commercial banks to lend further may need to diversify their funding sources in the year ahead, given the rising competition for bank credit, and higher risk weights on loans to these lenders, experts said. “The idea is to improve funding access to productive sectors, but the regulations can lead to customers paying more …

NBFCs relying more on bank loans: RBI
1 year, 3 months ago

NBFCs relying more on bank loans: RBI

Live Mint  

Mumbai: Domestic non-banking financial companies, especially those in the upper-layer category, are increasingly relying on bank borrowings as their primary source of funding, according to an analysis in Reserve Bank of India ’s September bulletin. “During the assessment period, NBFCs’ reliance on banks increased steadily due to low interest environment and lag monetary policy transmission," the article said. Direct bank …

RBI lifts loan costs to tame inflation
1 year, 11 months ago

RBI lifts loan costs to tame inflation

The Hindu  

The Monetary Policy Committee of the Reserve Bank of India on Wednesday raised the benchmark lending rate by 25 basis points to 6.5% as the RBI targets persistently high core or underlying inflation that it sees as a risk to the improving outlook for the economy. Observing that the rate increases since May were still working their way through the …

Asset quality of Indiabulls Housing Fin, IIFL Finance vulnerable: Moody's
4 years, 1 month ago

Asset quality of Indiabulls Housing Fin, IIFL Finance vulnerable: Moody's

Business Standard  

Asset quality of Indiabulls Housing Fin, IIFL Finance vulnerable: Moody's The agency said Muthoot Finance the third non-bank finance company it rates is better positioned because of its focus on the gold loans business. Premium A modest loan growth and loan sales will help IIFL and Indiabulls maintain capitalisation despite the weakening of profitability Asset quality at non-bank lenders IIFL …

NBFCs have an edge in banking licence race
4 years, 1 month ago

NBFCs have an edge in banking licence race

Live Mint  

Large non-bank lenders stand to gain the most from the Reserve Bank of India panel’s proposal to allow large companies and shadow lenders into banking services, experts said. More importantly, it would allow RBI to increase regulatory oversight over some of the large shadow lenders, particularly after the collapse of Infrastructure Leasing & Financial Services Ltd and Dewan Housing Finance …

KKR to step up real estate financing
4 years, 2 months ago

KKR to step up real estate financing

Live Mint  

Bengaluru: Real estate focused non-banking financial company KKR India Asset Finance Ltd is stepping up lending even as overall financing to the sector remains subdued, said a top executive. We also think that the residential market will continue to bottom out and stage recovery in the next few quarters, thereby presenting a good risk-return proposition for investors,” Yesh Nadkarni, MD, …

Amid churn, non-banks explore consolidation option
4 years, 5 months ago

Amid churn, non-banks explore consolidation option

Live Mint  

India’s non-bank lenders, staring at ₹1.51 trillion debt repayments due in the next six months, are rushing to raise fresh equity and pursuing mergers with bigger peers to avert defaults, as the coronavirus pandemic darkens the outlook for the sector that has struggled since the collapse of Infrastructure Leasing and Financial Services Ltd nearly two years ago. “In many instances, …

NBFCs will continue to face liquidity, asset quality risks: Fitch
4 years, 6 months ago

NBFCs will continue to face liquidity, asset quality risks: Fitch

Live Mint  

MUMBAI: India's non-bank financial companies will continue to face elevated liquidity and asset quality risks, even as economic activity picks up with the easing of the nationwide lockdown, according to global rating agency Fitch Ratings. Non-banks, facing a liquidity shortage ever since Infrastructure Leasing and Financial Services Ltd defaulted on its payment obligations, have been under renewed strain as banks …

Housing finance companies have enough liquidity to meet two months of repayments
4 years, 7 months ago

Housing finance companies have enough liquidity to meet two months of repayments

Live Mint  

MUMBAI: Housing finance companies have sufficient liquidity, which could cover about two months of debt repayments, excluding securitisation, said rating agency, Icra. “While the HFCs in the affordable housing segment have a higher share of portfolio under moratorium owing to the relatively marginal borrower profile, which may have been impacted more during the lockdown, they are carrying adequate liquidity to …

The problem with the liquidity push
4 years, 7 months ago

The problem with the liquidity push

The Hindu  

The present government’s much-hyped, post-COVID-19 relief and recovery package has disappointed many. In its effort to tote up a 10% of GDP relief-cum-stimulus figure, the government has relied heavily on measures aimed at pushing credit to banks, non-banking financial companies and businesses big and small, which are expected to use borrowed funds to lend to others, make payments falling due, …

Economic package: Successful implementation of support measures for NBFI will be key, says Fitch Ratings
4 years, 7 months ago

Economic package: Successful implementation of support measures for NBFI will be key, says Fitch Ratings

Firstpost  

Fitch Ratings on Wednesday said support measures announced by the government for non-banking finance companies seek to ease borrower strain and boost funding conditions for NBFIs, but successful implementation will be the key New Delhi: Fitch Ratings on Wednesday said support measures announced by the government for non-banking finance companies seek to ease borrower strain and boost funding conditions for …

Fresh crisis looms for NBFCs after fund shuts
4 years, 8 months ago

Fresh crisis looms for NBFCs after fund shuts

Live Mint  

India’s shadow lenders are facing fresh turmoil after asset manager Franklin Templeton shut funds late last month, prompting other large investors to dump the financiers’ debt. Three other gauges of the sector’s health compiled by Bloomberg showed no improvement last month, with a measure of shares of 20 financial firms and other companies staying depressed. Government measures To help cash-starved …

Coronavirus Outbreak: RBI governor Shaktikanta Das meets NBFCs, MFs sector; reviews liquidity situation
4 years, 8 months ago

Coronavirus Outbreak: RBI governor Shaktikanta Das meets NBFCs, MFs sector; reviews liquidity situation

Firstpost  

Operations of NBFCs have commenced from Monday as the government eased restrictions for the lockdown. Mumbai: Reserve Bank governor Shaktikanta Das on Monday reviewed liquidity position and ways to promote lending to the MSME sector during a meeting with representatives of non-banking financial companies and mutual funds amid the lockdown induced by the COVID-19 pandemic. Some of the issues discussed …

RBI MF liquidity window to improve investor confidence, calm down corporate debt market: Experts
4 years, 8 months ago

RBI MF liquidity window to improve investor confidence, calm down corporate debt market: Experts

Firstpost  

Experts on Monday termed the RBI’s move to open a special liquidity facility of Rs 50,000 crore for the mutual fund sector as “brilliant”, saying it will improve investor confidence and reduce stress in the corporate debt market New Delhi: Experts on Monday termed the RBI’s move to open a special liquidity facility of Rs 50,000 crore for the mutual …

RBI measures for NBFCs may not boost credit flow to the broader economy: Moody's
4 years, 8 months ago

RBI measures for NBFCs may not boost credit flow to the broader economy: Moody's

India TV News  

The Reserve Bank of India's measures to help facilitate funds to the NBFC sector is unlikely to boost the credit flow to the broader economy as NBFCs would shore up their own liquidity rather than on-lending to customers, Moody's Investors Service said on Sunday. Moody's Investors Service Vice-President Alka Anbarasu said the measures will soften the near-term credit negative impact …

Helping a lending hand: The Hindu editorial on RBI’s second lockdown stimulus
4 years, 8 months ago

Helping a lending hand: The Hindu editorial on RBI’s second lockdown stimulus

The Hindu  

The RBI has infused oxygen into the financial system with a second set of measures announced on Friday by Governor Shaktikanta Das to combat the lockdown impact on the economy. The central bank has learnt from its experience of the Targeted Long Term Repo Operations till now when banks preferred to deploy the funds in bonds of PSUs and large …

RBI ensures liquidity support to NBFCs
4 years, 8 months ago

RBI ensures liquidity support to NBFCs

The Hindu  

The Reserve Bank of India has announced a host of measures to provide liquidity support to the non-banking finance companies, apart from giving them certain benefits for loans extended to the commercial real estate sector. To begin with, the banking regulator said banks to have to invest the funds availed under targeted long term repo operations, in investment grade bonds, …

Moratorium on repayment puts NBFCs in a spot
4 years, 9 months ago

Moratorium on repayment puts NBFCs in a spot

The Hindu  

Non-banking financial companies may face a tough time following the Reserve Bank of India’s recent directive on providing a moratorium on repayment. “With collections being minimal and the moratorium only for their borrowers, raising fresh funds is critical, especially because NBFCs, unlike banks, do not have access to systemic sources of liquidity and depend significantly on wholesale funding,” it said. …

Drop in borrowing costs shows India NBFC crisis may ease
4 years, 11 months ago

Drop in borrowing costs shows India NBFC crisis may ease

Live Mint  

Borrowing costs for India’s top-rated shadow financiers declined last month, indicating that the nation’s prolonged credit crisis may be seeing some improvement. Premiums that investors seek to buy AAA rated five-year bonds of non-bank lenders over government notes with similar maturities narrowed to a 16-month low in January, helping a gauge measuring bond spreads to strengthen. Supporting these financiers is …

Putting out spreading fires: Raghuram Rajan's cure for real estate, NBFC sectors
5 years, 1 month ago

Putting out spreading fires: Raghuram Rajan's cure for real estate, NBFC sectors

India Today  

Noted economist Raghuram Rajan has laid out a detailed plan for the recovery of the stressed real estate sector and non-banking financial companies, which are its key lenders. Rajan, a former Reserve Bank of India governor, said both real estate sector and NBFCs are in deep trouble and pouring in fresh capital may not help in any improvement. "Instead of …

Liquidity pressures faced by non-banking financial sector to continue amid weaker economic growth
5 years, 1 month ago

Liquidity pressures faced by non-banking financial sector to continue amid weaker economic growth

Firstpost  

Indian finance and leasing companies are likely to grow at a slower pace in 2020 than in prior years, amid weaker economic growth and liquidity constraints, it said. New Delhi: Liquidity pressures faced by the non-banking financial sector following the IL&FS failure are likely to continue though funding costs have come off the peak, Fitch Ratings said on Friday. “Liquidity …

RBI asks NBFCs to adopt better tools to detect liquidity strains early
5 years, 2 months ago

RBI asks NBFCs to adopt better tools to detect liquidity strains early

Live Mint  

Reserve Bank on Monday asked the already fund-starved NBFCs to adopt better risk monitoring tools that capture the strains early on and also to maintain a liquidity buffer as per the mandated liquidity coverage ratio. It also asked NBFCs to segregate into granular buckets the 1-30-day time bucket in the statement of structural liquidity to 1-7, 8-14, and 15-30 days …

Banks to face capital shortfall of Rs 3.5 lakh cr in event of systemic crisis in NBFC sector: Fitch Ratings
5 years, 2 months ago

Banks to face capital shortfall of Rs 3.5 lakh cr in event of systemic crisis in NBFC sector: Fitch Ratings

Firstpost  

New Delhi: Banks would face a capital shortfall of about $50 billion in the event of a systemic crisis in the non-banking financial company sector, according to a study by global rating agency Fitch. “The credit profiles of the state-owned banks would come under significant pressure, and the weakest – including those with Viability Ratings in the ‘b’ range – …

Finance Minister Nirmala Sitharaman to meet CEOs of PSU banks today; to review fund flow to NBFC, MSME sectors
5 years, 3 months ago

Finance Minister Nirmala Sitharaman to meet CEOs of PSU banks today; to review fund flow to NBFC, MSME sectors

Firstpost  

NBFCs, including housing finance companies, came under stress following a series of defaults by the group companies of IL&FS in September last year New Delhi: Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks on 14 October to discuss various issues, including progress on credit offtake, as part of efforts to prop up the …

RBI not looking at liquidity facility for NBFCs: Dy Guv Vishwanathan
5 years, 3 months ago

RBI not looking at liquidity facility for NBFCs: Dy Guv Vishwanathan

Live Mint  

Mumbai: Reserve Bank of India has ruled out any special liquidity facility for Non Banking Financial Institutions saying there is enough in the system to meet their needs for borrowings and it is for the lenders to take a call on lending to the NBFCs. "Reserve Bank's position is that there is adequate liquidity in the system and it is …

Investors take shelter in HDFC Bank, Kotak Bank as NBFC woes quake banks
5 years, 3 months ago

Investors take shelter in HDFC Bank, Kotak Bank as NBFC woes quake banks

Live Mint  

Indian banks have faced rough weather in the past two weeks and investors are rediscovering stocks that act as lifeboats in choppy waters. Just three months ago, the combined value of the two banks was about 10% lower than the other 10 lenders, which include State Bank of India, ICICI Bank Ltd, Axis Bank Ltd and seven of the remaining …

Housing finance firms to get additional liquidity support of ₹20,000 cr
5 years, 4 months ago

Housing finance firms to get additional liquidity support of ₹20,000 cr

Hindustan Times  

The government on last Friday announced an additional ₹20,000-crore liquidity support to the struggling housing finance companies, a move aimed at enhancing their lending capacity. Announcing this as part of measures to prop up the economy, Finance Minister Nirmala Sitharman said now the liquidity support for HFCs would be ₹ 30,000 crore. Announcing this as part of measures to prop …

Housing finance firms to get additional liquidity support of ₹20,000 crore
5 years, 4 months ago

Housing finance firms to get additional liquidity support of ₹20,000 crore

Live Mint  

The government on Friday announced an additional ₹20,000-crore liquidity support to the struggling housing finance companies, a move aimed at enhancing their lending capacity. The additional liquidity support to be provided by the National Housing Bank will help the real estate sector which is facing a demand slowdown and cash crunch. Announcing this as part of measures to prop up …

Liquidity taps opened for banks and NBFCs
5 years, 4 months ago

Liquidity taps opened for banks and NBFCs

Live Mint  

The Centre will front-load its ₹70,000-crore capital infusion into public sector banks to nudge additional lending of ₹5 trillion, said finance minister Nirmala Sitharaman. Banks, said Sitharaman, have also decided to link their lending rates with the Reserve Bank of India’s repo rate, leading to lower EMIs for housing, auto and other retail loans. As part of the ₹1 trillion …

RBI governor Shaktikanta Das rules out asset quality review of NBFCs for now
5 years, 4 months ago

RBI governor Shaktikanta Das rules out asset quality review of NBFCs for now

Firstpost  

Mumbai: Even as he reiterated the regulatory resolve to not let any large NBFC fail, Reserve Bank governor Shaktikanta Das Monday ruled out ordering an asset quality review of the systematically important shadow banks for now. Addressing the press on the sidelines of the national banking conference being organised by the industry lobby Ficci, Das ruled out ordering an asset …

Central bank opens liquidity tap to help stressed shadow banks
5 years, 5 months ago

Central bank opens liquidity tap to help stressed shadow banks

Live Mint  

The Reserve Bank of India on Wednesday announced two key measures to help stressed non-banking financial companies raise funds from banks. “Under the revised guidelines on large exposure framework that came into effect from 1 April 2019, a bank’s exposure to a single NBFC is restricted to 15% of its Tier I capital, while for entities in the other sectors, …

NBFC crisis: Liquidity steps for non-banking finance companies too little, too short-term, says Fitch report
5 years, 5 months ago

NBFC crisis: Liquidity steps for non-banking finance companies too little, too short-term, says Fitch report

Firstpost  

Mumbai: The government measures to provide partial credit guarantee to public sector bank on their asset purchases from NBFCs can ease funding pressure only for the short-term, says a report. In the budget, the government had said for purchase of high-rated pooled assets of financially-sound NBFCs, amounting to Rs 1 trillion during the current financial year, it will provide a …

Govt, RBI monitoring NBFC crisis : FM Nirmala Sitharaman
5 years, 6 months ago

Govt, RBI monitoring NBFC crisis : FM Nirmala Sitharaman

Hindustan Times  

Non-banking financial companies have put the worst of the crisis they are confronting behind them, but the government and the Reserve Bank of India will maintain a close watch on the sector on its way to full recovery, finance minister Nirmala Sitharaman said on Saturday, a day after unveiling a slew of measures to assist the process of healing. The …

NBFC Sector Budget 2019: Govt to provide one-time partial credit guarantee to PSBs to buy financially sound NBFC assets
5 years, 6 months ago

NBFC Sector Budget 2019: Govt to provide one-time partial credit guarantee to PSBs to buy financially sound NBFC assets

Firstpost  

The NBFCs are playing an important role in sustaining consumption demand as well as capital formation in small and medium industrial segment, she said in her maiden Budget Speech in Parliament. New Delhi: Non-banking financial companies play an important role in capital formation and the government will provide a one-time partial credit guarantee to PSBs to buy high-rated pooled assets …

Shares of NBFC advance as finance minister allows more power to RBI supervision
5 years, 6 months ago

Shares of NBFC advance as finance minister allows more power to RBI supervision

Live Mint  

Mumbai: Non banking finance companies on Friday surged after finance minister Nirmala Sitharaman said in the Union budget that the government will give more powers to Reserve Bank of India to supervise NBFCs. According to Bloomberg report, the government is said to peg fiscal year 2020 budget deficit target at 3.3% of gross domestic product. Finance minister Nirmala Sitharaman is …

Budget 2019: Here's How Crisis-Hit NBFCs Want FM Nirmala Sitharaman To Address Liquidity Crunch
5 years, 6 months ago

Budget 2019: Here's How Crisis-Hit NBFCs Want FM Nirmala Sitharaman To Address Liquidity Crunch

ABP News  

Budget 2019: Newly appointed Finance Minister Nirmala Sitharaman is all set to table her maiden Union Budget on July 5 and one of the major issue she needs to address is the ongoing crisis in the Non-Banking Financial Company sector. According to news agency PTI, FIDC said that NBFCs should be allowed to avail of refinance facility under the Pradhan …

RBI to regulate housing finance firms, review assets: Report
5 years, 6 months ago

RBI to regulate housing finance firms, review assets: Report

Live Mint  

India will soon give Reserve Bank of India power to regulate housing finance companies, which will almost certainly lead to the lenders facing stringent asset quality reviews, two sources with direct knowledge of the matter said. The housing finance companies, which are part of the broader shadow banking sector known as non-banking finance companies, are currently regulated by the National …

NBFC crisis not a solvency issue, says industry body
5 years, 6 months ago

NBFC crisis not a solvency issue, says industry body

Live Mint  

Finance Industry Development Council, the industry body for non-banking financial companies, said the current liquidity crisis is not a solvency issue, but is more of a growth-related problem. At a press conference held on Tuesday, FIDC said that while funds were available at a higher cost, there was a need for a special liquidity window through banking channels, which will …

To solve the liquidity crisis, RBI should make banks lend more to NBFCs
5 years, 6 months ago

To solve the liquidity crisis, RBI should make banks lend more to NBFCs

Hindustan Times  

In the immediate liquidity crisis, good Non-Bank Financial Companies should be able to raise debt capital, but this is not always happening. If the real estate company is itself under financial stress, and does not have the money to complete its project, the assets on the balance sheet of the NBFC start looking bad. Suppose the real estate company needed …

Towards a meltdown
5 years, 6 months ago

Towards a meltdown

The Hindu  

INDIA'S ’s financial sector is in the midst of a second crisis, even as the first in the form of a humongous mass of non-performing assets on the books of commercial banks remains unresolved. To others, IL&FS featured only as a company in which a set of high-profile executives and their collaborators, who overborrowed through a complex web of companies …

Making sense of the NBFC puzzle box
5 years, 6 months ago

Making sense of the NBFC puzzle box

Live Mint  

Mumbai: Non-banking financial companies have been in the news since September last year for all the wrong reasons. An RBI research report showed that 99.7% of shadow banking in India makes long-term loans against short-term funding, primarily carried out by NBFCs and housing finance companies. Amit Bapna, RCAP’s group chief financial officer, told Mint that following the IL&FS crisis, funding …

New liquidity requirement for non-banks is credit positive, says Moody’s
5 years, 7 months ago

New liquidity requirement for non-banks is credit positive, says Moody’s

Live Mint  

Mumbai: The Reserve Bank of India guidelines that said liquidity coverage ratio will be applicable to non-banking financial companies from 1 April, 2020 is credit positive for asset-backed securities deals, said a note by Moody's Investors Service on Tuesday. This is credit positive for Indian asset-backed securities deals issued by NBFCs because it will reduce the risk that NBFCs would …

RBI proposes new liquidity norms for NBFCs. How it may impact you
5 years, 7 months ago

RBI proposes new liquidity norms for NBFCs. How it may impact you

Live Mint  

The Reserve Bank of India has issued draft guidelines on liquidity management for the non banking finance companies and proposed a liquidity coverage ratio for large NBFCs covering all deposit-taking NBFCs and non-deposit taking NBFCs with an asset size of ₹5,000 crore and above. Here is a look at what it means and how it will impact you: THE NEW …

RBI draft liquidity norms may put pressure on NBFCs margins and returns over medium term: Analysts
5 years, 7 months ago

RBI draft liquidity norms may put pressure on NBFCs margins and returns over medium term: Analysts

Firstpost  

Last week, the RBI released a draft circular on Liquidity Risk Management Framework for NBFCs with an asset size of Rs 100 crore Mumbai: The draft liquidity norms for the non-banking financial companies announced by the Reserve Bank will put pressure on their margins and returns over the medium term, analysts say. The draft norms said all non-deposit taking NBFCs …

RBI to ensure NBFC liquidity issues do not become systemic; to strengthen risk management systems
5 years, 7 months ago

RBI to ensure NBFC liquidity issues do not become systemic; to strengthen risk management systems

Firstpost  

The RBI board has decided to handle liquidity problems in the NBFC sector in a “nuanced” manner by improving liquidity and tightening regulatory norms without sending a “panic” signal to the market Mumbai/New Delhi: The Reserve Bank of India is concerned about liquidity issues facing some Indian non-banking finance companies such as mortgage or auto lenders and wants to ensure …

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