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The Reserve Bank of India (RBI) has allowed additional carve out for maintaining LCR. On September 27, RBI eased the mandatory liquidity rule by tweaking its liquidity coverage ratio requirements for banks.
It has been decided that banks will be permitted to also reckon Government securities held by them up to an amount equal to their incremental outstanding credit to NBFCs and Housing Finance Companies (HFCs) with immediate effect.
This is over and above the amount of credit to NBFCs and HFCs outstanding on their books as on October 19, 2018, as Level 1 HQLA under FALLCR within the mandatory SLR requirement. This will be in addition to the existing FALLCR of 13% of NDTL, and limited to 0.5% of the bank’s NDTL, the RBI said in the press release.
The above additional FALLCR will be available up to December 31, 2018.
The single borrower exposure limit for NBFCs which do not finance infrastructure stands increased from 10% to 15% of capital funds, up to December 31, 2018.
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