Need For New Norms For NBFCs Started With The IL&FS Crisis: Keki Mistry, HDFC
  • WebDesk BTVI
  • May 27 2019

Keki Mistry, VC & CEO, HDFC, said that asset liability mismatch was highlighted post the IL&FS crisis, creating panic in the markets. Also, there is a need for new norms for NBFCs and establishing the quantum of liquidity for tighter norms which would give confidence to banks to start lending to NBFCs. Sudhin Choksey, MD, Gruh Finance, said the positive move by RBI will help NBFCs. While K Harihar of FirstRand bank said that OMOs will alleviate liquidity shortfall in the market.