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Liquidity coverage ratio norms for NBFC
November 10 , 2019
2186 days
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- Liquidity coverage ratio (LCR) norms for non-banking financial companies (NBFCs) will take effect on 1 December 2020.
- The Reserve Bank of India (RBI) is extending its previous deadline date of 1 April of 2020.
- NBFCs with assets of ₹10,000 crore and above will have to maintain a minimum of 50% of LCR as high quality liquid assets (HQLA).
- Those with assets of ₹5000-10,000 crore will have to maintain 30% LCR.
- In both cases, LCR will be progressively increased to 100% by December 2024.
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