05 November, 2019
4 Min Read
Syllabus subtopic: Effects of liberalization on the economy, changes in industrial policy and their effects on industrial growth.
Prelims focus: about the new liquidity norms.
Mains focus: requirement and significance of these norms.
Why this was necessary?
This has come following liquidity crunch among some NBFCs in meeting their recent repayment obligations after the collapse of the Infrastructure Leasing and Financial Services (IL&FS) group.
This was necessary to strengthen their asset-liability management following the liquidity crisis faced by these firms in the past year.
Exemption from LCR norms: Core Investment Companies, Type 1 NBFC-NDs, Non-Operating Financial Holding Companies and Standalone Primary Dealers.
What caused the non-bank lending sector crisis?
Source: The Hindu
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