shaktikanta das rbi governor new delhi the reserve bank of india said it is keeping a close watch on nonbanking finance companies based on their size and payment behaviour after unveiling a liquidity window complementing the governments budget package for the sector that has been under stress for some timewe are monitoring nbfcs based on their size and based on their past repayment behaviour we are monitoring their operations very closely and at regular intervals rbi governor shaktikanta das said after the customary postbudget board meeting addressed by finance minister nirmala sitharaman in the capital advt asked why the central bank had announced a liquidity window after maintaining that there was surplus liquidity in the system das said i did not say that nbfcs are surplus with liquidity i said system is surplus with liquidityhe said the overall system is surplus in liquidity from june 1 onwards it continues to be surplus in liquidity and system is not just nbfcs it is much bigger he saidin the system there are many banks and within that if there are individual banks which have a liquidity issue rbi will provide liquidity support to them he saidon transmission of rate cutsthe rbi governor said he expects a quicker transmission of interest rate cuts by banks to consumers by way of cheaper home auto and personal loansin the last mpc monetary policy committee meeting on june 6 i had said that by that time 50 basis points of repo rate cut had been announced and out of this 21basis points had been transmitted das said das said the central bank will discuss the issuance of overseas sovereign bonds with the government the government has made a budget announcement and we will interact with the government he saidrbi governor said it will take time for the rise in taxes to impact retail prices of fuel and that the mpc will assess this in the first week of august there could be a marginal increase but its not that next day itself it will impact inflation it takes time for transmission he said et bureau published on jul 9 2019 at 0815 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app reserve bank of india budget 2019 nirmala sitharaman monetary policy committee rbi governor homenewsindustryrbi keeping an eye on nbfc operations governor shaktikanta das