NBFC liquidity faces litmus test as Rs 1 trillion matures in November

The liquidity issues facing the non-banking financial companies (NBFCs), a major point of contention between the Reserve Bank of India (RBI) and the central government, will come to the fore in the coming weeks. 

A staggering Rs 1.034 trillion of NBFC debt is set to mature by the end of November, according to data accessed by Business Standard. 

Two days are particularly critical. On November 5, debt totaling Rs 113.8 billion is set to mature, while on November 26, debt worth Rs 147 billion is coming up for redemption. 

With reports suggesting that banks are hesitant to lend to NBFCs