RBI steps in to shield NBFC depositors

RBI on Friday notified a draft liquidity risk management framework for NBFCs to protect the interest of lenders and depositors of non-bank finance companies. In its move, the apex bank plans to get large NBFCs to invest in government bonds or deposits to ensure that they have enough to make repayments for one month if funds dry up due to a liquidity crisis.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/30JRhq7