Bank-like Asset-liability Rules for  NBFCs Soon

Civil services chronicleonline Strengthening the asset-liability management (ALM) framework for non-banking financial companies (NBFCs) and reviewing the extant guidelines on compensation of whole-time directors of private sector banks figure among the key policy actions that the Reserve Bank of India plans to take In 2019 ias questions. The proposal to strengthen the ALM framework for NBFCs on lines similar to that for banks, and harmonies it across different categories of NBFCs, comes in the wake of the IL&FS imbroglio upsc preparation