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Title: Liquidity Risk Management Framework for NBFCs – Fixing the Broken House!
Authors: Bhattacharya, Arnab
Keywords: Reserve Bank of India (RBI)
Non-Banking Financial Companies (NBFCs)
Core Investment Companies (CICs)
Asset Liability Management (ALM)
Issue Date: Nov-2019
Publisher: The Financial Research and Trading Laboratory (FRTL), IIM Calcutta
Abstract: On 4th November, 2019, the Reserve Bank of India (RBI) revised the liquidity risk management framework for the Non-Banking Financial Companies (NBFCs) and Core Investment Companies (CICs). The guidelines earmarked the roles and responsibilities of NBFCs in managing their liquidity risks and implementing the Asset Liability Management (ALM) framework under normal as well as distressed liquidity market conditions. In the following paragraphs, the core components of the regulatory guidelines for liquidity risk management framework of NBFCs is discussed, along with their broad implications:
Description: Biosketch: Arnab Bhattacharya is an Assistant Professor in the Finance and Control Group at IIM Calcutta. He is B.Tech. (Hons.) in Mechanical Engineering from IIT Kharagpur and MBA from IIM Ahmedabad. He has a Fellowship in Finance and Control Area from IIM Calcutta. Prior to joining IIM Calcutta, he was at IIM Indore as an Assistant Professor. Prior to joining academics, he has worked at UBS Securities as an Associate in the Investment Banking Division, and at Tata-Hitachi Construction Machinery as a Production Engineer in their Assembly Operations Unit.
Appears in Collections:Issue 2, November 2019

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