NBFCs planning to seek CRR, SLR breather on net demand, time liabilities

Feedback on banking licence terms may be given to RBI in a fortnight

Leading non-banking financial companies (NBFCs) have got cracking on their banking pursuits a week after the Reserve Bank’s internal working group suggested that those with an asset size of Rs 50,000 crore or more may consider the option. 

Four large groups with shadow banks in their fold have held internal consultations and are set to make a formal representation to the banking regulator (which, sources said, may well be within a fortnight), seeking the grandfathering of reserve norms — the cash reserve ratio (CRR) and statutory liquidity ratio (SLR) in December on their net demand and time liabilities (NDTL).

According