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DAILY NEWS ANALYSIS
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: on the new liquidity norms.
Mains focus: requirement and significance of these norms.
Why this was necessary?
This has come following a 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.
What’s changed?
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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