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<h1>Liquidity risk framework introduces LCR for deposit-taking and large non-deposit NBFCs with phased implementation and public consultation.</h1> Reserve Bank proposes a draft Liquidity Risk Management Framework for NBFCs and CICs requiring strengthened Asset Liability Management, granular maturity buckets, specified liquidity monitoring tools and a stock approach to liquidity. The draft also proposes a Liquidity Coverage Ratio (LCR) for deposit-taking NBFCs and systemically large non-deposit NBFCs, to be implemented through a calibrated phased approach, and seeks public comments through prescribed submission channels.