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1 1 of 5 10/29/2018, 11:46 AM Expand Websites prove their identity via certificates, which are issued by certificate authorities. Most browsers no longer trust certificates issued by GeoTrust, RapidSSL, Symantec, Thawte, and VeriSign. businesstoday.accordhostings.com uses a certificate from one of these authorities and so the website s identity cannot be proven. You may notify the website s administrator about this problem. The ongoing two-day RBI board meeting in Mumbai is expected to touch upon the liquidity squeeze gripping the non-banking finance companies. Concerned that this could cause the credit markets to collapse, putting the broader economy at risk, the government is reportedly pushing for additional contingency measures. BUSINESS TODAY The Spreading Fire This Issue All Issues SUBSCRIBE NOW Available on : 0 0 LATEST MUST READ TECH NEWS This site usethis site uses Tweet Transport SeTransport Sec

2 2 of 5 10/29/2018, 11:46 AM WE RECOMMEND MORE FROM THE AUTHOR The ongoing two-day RBI board meeting in Mumbai is expected to touch upon the liquidity squeeze gripping the nonce Previous Story companies. Con kets to collapse, pu Next Story risk, the government is reportedly pushing for additional contingency measures. According to The Economic Times, the government thinks that the RBI opening a special liquidity window for NBFCs, apart Sponsored Links from banks honouring credit lines already sanctioned to them, My son is missing his school due to deadly cancer. Help him will help. Economic Affairs Secretary SC Garg and Financial Ketto Services Secretary Rajiv Kumar, as RBI board members, are participating in the ongoing meeting. Best Credit Cards "We Offers are watching You Would it closely. Not Want Both the to Miss government and the RBI Bankbazaar are regularly in touch," a person aware of the deliberations told the daily. "A special liquidity window is a mechanism tried in the past and also banks should honour their sanctioned credit Become a Certified lines Digital to NBFCs." Marketer from Amity. Online Progr Amity Online The RBI opened special liquidity windows in the wake of the 2008 global financial crisis and again in 2013, following the How to Remove Skin taper Tan? tantrums Natural - a term Ingredients coined to describe that Wor market volatility Nutrivitals.com following the US Fed's announcement that it would reduce its bond-buying programme. The RBI has already taken steps to boost capital flow to NBFCs, Health Insurance Savings for Better Tomorrow in Just Rs the latest being the easing of lending norms. On Friday, the Quickbima.com apex bank allowed the banks to use government securities equivalent to their incremental credit to NBFCs for a threemonth & period Age to to Check meet their Eligibility liquidity for coverage Rs.1 Cr ratio (LCR) Enter Phone Number requirements. Moreover, the single borrower exposure limit for Coverfox Term Life Insurance Heartbroken Over a Damaged Order? Return it for Free PayPal Promoted Links Save our 1-month-old twins, they ll die without a transplant Ketto Paytm extortion case: How Vijay Shekhar Sharma was blackmailed by his personal secretary What a Shopportunity! Up to Rs.1000 Amazon Voucher with Your New Card. Bankbazaar RIL buys world's most sophisticated Mercedes for its chairman Mukesh Ambani Top 5 Reasons to Buy Term Insurance Before You Turn 30 Coverfox.com Donate on a Friend s Behalf and Gift Them Good Karma Save the Children Brothers in Arms: Why Mukesh and Anil Ambani signed their Rs 12,000-cr tower deal How are things between Mukesh Ambani, Anil Ambani? It's tough to guess The managing director and CEO of ICICI Bank can command an army PG Diploma in Machine Learning & AI. Prepare for the future job wave! Amity Online Who is Shloka Mehta, the girl set to marry Akash Ambani? How Mukesh Ambani-led Reliance Jio drove Anil Ambani's RCom out of 2G business Luxury Apartments in Dubai from 1.76 cr handover 2020 Omniyat

3 3 of 5 10/29/2018, 11:46 AM the sector. Then, last week, the loan default by property developer Supertech led to further selloffs in NBFCs with any potential exposure to real estate. Mukesh Ambani's son Akash to wed schoolmate Shloka Mehta Business icons of India It is against this backdrop that the government is mulling the need for a special liquidity window. The view among policymakers is that more needs to be done now to ensure that the problem is properly contained since it could otherwise have wide spillover effects. But not all experts concur with the government's thinking. Should I sit at home because my wife is ICICI Bank CEO, says Deepak Kochhar Video: Get to know Anand Piramal, the man Isha Ambani has chosen to marry : News Reel Ambani Brothers begin a new yatra "Special liquidity window cannot be the first line of defence. It can only be the last resort measure. I do not think that is the case now. Damage has been contained to a large extent. Special window can dent the confidence in markets," Abheek Barua, chief economist, HDFC Bank, told the daily. Rakesh Jhunjhunwala buys 2 crore shares of Jaiprakash Associates in June quarter However, the problem has worsened as the system Sponsored has Links been liquidity deficit since mid-september and experts peg the deficit at Rs 1.39 lakh crore. Though the RBI conducted OMO (open market operation) purchases to the tune of Rs 24,000 crore during the second and third week of October, it had little impact since it is also buying dollars to keep rupee depreciation in check. Mob attacks teacher accused of sexual harassment, video goes viral Where Goddess Durga donates her chunni for daughter's wedding In 1981, the deadliest train derailment left over 500 people dead According to CARE Ratings, while the overall liquidity situation in the banking system is "likely to improve to an extent" during the current week due to the eased liquidity norms, liquidity is to "face continued pressures on account of fortnightly reporting of SCBs with RBI, higher festive season demand, forex sales to curtail depreciation in the rupee, month end demand by importers and government borrowings". What is your reaction? Powered by Vuukle 0% 0% 0% 0% 0% 0% happy unmoved amused excited angry sad

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