Business Liquidity issues in NBFCS are due to mismatches between ALM and funding, says Kotak Mahindra Bank Updated : October 22, 2018 05:37 PM IST Manian said that there are many differences between NBFC crisis of early 2000s and now. Manian said liquidity issues in non-banking financial companies (NBFC) are due to mismatches between asset-liability management (ALM) and funding. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.