RBI Dy Gov Murmu Asks NBFCs To Diversify Funding, Invest In Cyber-Security

RBI Dy Gov Murmu Asks NBFCs To Diversify Funding, Invest In Cyber-security

Murmu said that past liquidity events have shown how exposed NBFCs and HFCs can be to shifts in market sentiment and funding concentration. He asked entities to diversify their funding sources. “A deep, liquid corporate bond market will help, and we will keep working with market participants to build one. Securitisation should also grow beyond a liquidity tool — into a genuine way to transfer risk and free up capital, with proper skin-in-the-gam…

Liquidity management, asset quality among pillars for NBFC growth: RBI DG

RBI deputy governor Murmu highlighted five key areas for NBFCs and HFCs. These companies must focus on governance and liquidity management for sustainable growth. Asset quality and customer protection are also crucial for the sector's stability. Digital transformation and robust cybersecurity are essential for future operations. The regulator aims for proportional regulation and financial stability to support growth.

Diversify funding sources, reduce market vulnerability: RBI Dy Guv Murmu tells NBFCs, HFCs

Mumbai, Sep 3 (SocialNews.XYZ) Reserve Bank of India (RBI) Deputy Governor Shirish Chandra Murmu on Thursday urged non-banking financial companies (NBFCs) and housing finance companies (HFCs) to diversify their funding sources and reduce their exposure... - Social News XYZ