Monitoring liquidity, but won’t allow ‘loose money’ situation: RBI Governor
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Monitoring liquidity, but won’t allow ‘loose money’ situation: RBI Governor
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Lots of videos and lots more in the pipeline. Stay tuned.Watch Monitoring liquidity, but won’t allow ‘loose money’ situation: RBI Governor With HD Quality
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RBI Governor Shaktikanta Das has met private sector lenders on Thursday to take stock of issues affecting banks. ET Now's Neha Bothra learns from her sources that it was a general meeting to understand key issues. RBI Governor discussed issues around liquidity, asset quality and MSMEs. Listen-in!!!
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Governor Shaktikanta Das while speaking to the media said that the RBI circular to help MSME sector with loans up to rupees 25 crore needs to be addressed while keeping liquidity issues in view. he also added that he would be meeting the NBFCs shortly to see what best can be done to address their challenges.
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The Reserve Bank of India today issued a draft circular on liquidity risk management for NBFCs.
'The circular on the “Liquidity Risk Management Framework for Non-Banking Financial Companies (NBFCs) and Core Investment Companies (CICs)” to be adopted by all deposit taking NBFCs; non-deposit taking NBFCs with an asset size of Rs 100 crore and above; and all CICs registered with the Reserve Bank,' RBI said in a press release.
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