RBI to harmonise ‘liquidity norms’ between banks and non-banks – Das
Governor says non-banks have not always maintained good risk management practices
The Reserve Bank of India is aiming to harmonise “liquidity norms” across banks and non-bank financial companies (NBFCs), after liquidity trouble in the latter sector flared up in 2018.
In remarks today (August 19), RBI governor Shaktikanta Das said the central bank and government had been working to set an “optimal level of regulation and supervision” so the NBFC sector is put on an equal footing to the banking sector, ensuring its resilience and discouraging regulatory arbitrage.
“Our
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