You are here: Home » PTI Stories » National » News
Business Standard

NBFC stocks under pressure, DHFL slumps 18.5 pc

Press Trust of India  |  New Delhi 

Shares of fell up to 18.5 per cent Monday after the Reserve Bank said it is looking at strengthening the guidelines to avoid situations of asset liability mismatch (ALM) by

The scrip of DHFL crashed 18.52 per cent, Edelweiss Financial Services 13.67 per cent, Shriram City Union 6.82 per cent, Company 6.07 per cent, Capital Services 4.48 per cent and 2.48 per cent on the

Among others, shares of Srei Infrastructure declined 2.48 per cent and 2.37 per cent.

Asserting that the NBFC sector is "overall quite strong", RBI NS Vishwanathan Friday hinted at additional efforts to ensure they do not have to undergo ALM in the future.

The RBI is looking at strengthening the guidelines to avoid situations of ALM by non-banking lenders, especially infrastructure financing dependent on short-term liabilities like commercial papers.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, October 08 2018. 18:05 IST
RECOMMENDED FOR YOU