NBFC downgrades raise fresh liquidity worries

Insurers with exposure to RCap firms RCFL and RHFL will have to make provisions for debt following their downgrade

BGY OP IK AGO PA KUMAR& S WA RA J SING H DH A NJ AL gopika.g@livemint.com

Aspate of rating downgrades over the past fortnight has stoked fears of another impending liquidity crisis in the non-banking financial company (NBFC) sector, with a cascading effect on the broader markets that have been on a fragile road to recovery...

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