New NBFC norms may affect credit growth, trigger consolidation
- RBI’s draft norms could lead to a credit slowdown for NBFCs with poor liquidity management, analysts say
- Although NBFCs will need to maintain LCR of 60% from April 2020, they will gradually have to move towards 100% LCR by April 2024
MUMBAI : Acentral bank proposal to introduce liquidity buffers for non-banking financial companies (NBFCs) may crimp their ability to lend in the short term and trigger consolidation among weaker non-banks.
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