RBI issues notification on NBFC liquidity framework

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.