RBI Plans Liquidity Buffer at Shadow Banks to Aid Stressed Sector

- The RBI on Friday proposed introducing a liquidity coverage ratio (LCR) for large non-banking finance companies (NBFC) to help tackle liquidity problems in the sector

- The central bank said it planned to implement LCR, a liquidity buffer, "in a calibrated manner" over four years starting from April 2020

- The LCR is proposed for all deposit taking NBFCs, and non-deposit taking NBFCs with an asset size of 50 billion rupees ($720 million) and above

- NBFCs will have to maintain minimum high quality liquid assets of 100% of total net cash outflows over the following 30 calendar days


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