RBI proposes stringent liquidity rules for NBFCs
MUMBAI, May 25 -- Starting April 2020, nonbanking financial companies (NBFCs) with assets of more than Rs5,000 crore will have to maintain a minimum of 60% of liquidity coverage ratio (LCR)-a requirement that will be increased in a calibrated manner to 100% by April 2024, the Reserve Bank of India (RBI) said on Friday....
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