RBI board to meet on November 19; government nominees to press on their proposal: Report
Updated : November 05, 2018 10:05 AM IST
These suggestions will include the doing away with the exposure limit requirement of 20 percent of the foreign portfolio investments in corporate bond portfolios of a single corporate group, removing requirements for mandatory hedging for infrastructure loans of less than 10 years’ maturity, the report said.
The suggestion list also includes setting up of a window for non-banking finance companies (NBFCs), housing finance companies and mutual funds, creating facilities for banks to raise about $30 billion and a review of the economic capital framework for bringing it in line with the requirements of the RBI Act.
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