The RBI has warned that 34 NBFCs may face stress in extreme liquidity conditions if they face negative cumulative mismatch in liquidity over the next year. The top 50 NBFCs have seen a shift towards longer-term funding sources and a decrease in short-term borrowing, with 76% of bonds having a residual maturity of up to five years in September 2023.
Genesis Crypto Broker, a prominent player in the cryptocurrency trading industry, has suspended withdrawals for its users. This unexpected move has sent shockwaves through the crypto community and has raised concerns among investors and traders.
Colombia's banks have called on the country's central bank to tackle liquidity issues amid lower-than-expected government spending and compliance with international regulatory framework Basel III, which strengthens bank risk management. Colombian banking association Asobancaria suggested the central bank cut the reserves that financial institutions are required to hold, buy dollars at the spot market rate and allow foreign entities to purchase fixed-term certificates of deposit (CDTs). The funds are stored in the central bank and have not flowed into the economy.
This was after the former Housing.com founder’s latest startup exhausted Rs 192 crore in the past 14 months and majority shareholder Info Edge asked it for granular financial details.