To protect lenders and depositors of non-bank finance companies, RBI plans to get large NBFCs to invest in government bonds or deposits to ensure that they have enough to make repayments for one month if funds dry up due to a liquidity crisis.
RBI on Friday notified a draft liquidity risk management framework for NBFCs. This comes at a time when a couple of large lenders experienced a cash crunch forcing them to scramble for funds. The liquidity risk management rules will apply to all financial institutions with an asset size of Rs 100 crore and above.
To protect lenders and depositors of non-bank finance companies, RBI plans to get large NBFCs to invest in government bonds or deposits to ensure that they have enough to make repayments for one month if funds dry up due to a liquidity crisis.
RBI on Friday notified a draft liquidity risk management framework for NBFCs. This comes at a time when a couple of large lenders experienced a cash crunch forcing them to scramble for funds. The liquidity risk management rules will apply to all financial institutions with an asset size of Rs 100 crore and above.
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