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Assocham meets RBI governor Shaktikanta Das on NBFC, HFC crisis

Industry lobby Assocham on Friday met RBI governor Shaktikanta Das and discussed the liquidity issues being faced by NBFCs and housing finance companies (HFC) and suggested some steps to ease the current crisis. The industry body said that the NBFCs want RBI to play the role of facilitator and requested the governor to maintain the existing asset-liability mismatch (ALM) norms till the normalcy is restored. The players have demanded that sectoral cap on mutual funds investing in NBFCs be enhanced to 35%, and an additional 15% in case of HFCs.

Read More at Business Today News date : 12 Jan 2019, Saturday

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