The RBI is expected to set out proposals in a discussion paper next week, recommending that bigger shadow banks maintain a statutory liquidity ratio, the sources said.
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Unknown title Infrastructure Leasing &Financial Services, the largest non-bank financial company, went bankrupt in 2018, and Dewan Housing Finance Corp. and Altico Capital defaulted on payments in 2019. <span>The RBI is expected to set out proposals in a discussion paper next week, recommending that bigger shadow banks maintain a statutory liquidity ratio, the sources said. The officials asked not to be named as the discussions on the proposals are not public. India’s banks must maintain at least 18% worth of deposits that they must hold in cash, gold or g Summary
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