ibps po Bsc magazine
BSC page 12 has Credit flow to NBFCs article
ibps po Bsc magazine The Reserve Bank of India on 19 Oct
announced
more measures to increase liquidity flows to
the non-banking financial companies
(NBFCs). The RBI permitted banks to use gOvt securities equal to their incremental •outstanding credit to NBFCs,
ibps po Bsc magazine
over and above
their outstanding credit to them as on Oct 19, to he used to meet
liquidity coverage ratio requirements. The move will help
provide liquidity to housing finance companies (11FC's) and non-banking
finance companies ibps po Bscmagazine
(NBFCs) which have come under pressure
following a series of defaults by II.&FS group companies.
This will be in addition to the existing Facility to
Avail Liquidity for Liquidity Coverage Ratio (FALLCR) ibps po Bsc magazine of 13 per cent of total deposits, and limited to
0.5 per cent of the bank's total deposits. Liquidity coverage ratio refers to highly liquid assets that financial
institutions need to
hold in order to meet short-term obligations ibps po Bsc magazinehttp://careerprakashan.com/subscriptions/plan_details.php?id=800
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