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Relief for NBFCs & HFCs: RBI eases liquidity norms for banks

News Nation Bureau | Edited By : Srishty Choudhury | Updated on: 19 Oct 2018, 09:37:51 AM
Relief for NBFCs & HFCs: RBI eases liquidity norms for banks

Relief for NBFCs & HFCs: RBI eases liquidity norms for banks

Mumbai:

The Reserve Bank of India (RBI) on Friday eased liquidity norms for banks. With immediate effect, banks will be permitted to reckon government securities held by them up to an amount equal to their incremental outstanding credit to Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs) over an amount of credit to NBFCs and HFCs outstanding on Friday, i.e. October 19. 

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The single borrower exposure limit for NBFCs, which do not finance infrastructure, stands increased from 10 per cent to 15 per cent of the capital funds up to December 31, 2018.


(Further details awaited) 

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First Published : 19 Oct 2018, 09:32:16 AM