RBI GUIDELINES FOR NBFCS

■ RBI mandates non-deposit taking NBFCS with an asset size of ~10,000 crore and all deposit taking NBFCS to maintain LCR from Dec 1, 2020

■ Initially, nbfcs had to maintain a minimum of 50% of high quality liquid assets as part of the LCR, which will touch 100% by Dec 2024

■ For non-deposit taking NBFCS with an asset size of over ~5,000 crore and less than ~10,000 crore, a minimum of 30% will be of liquid assets with LCR mandate from Dec 2020. This will eventually reach 100 per cent by 2024

■ Core investment companies, smaller NBFCS, nonoperating financial holding firms and standalone primary dealers have been exempted from LCR requirements