About a third of the funds borrowed by Indians reach them through para banks, which reach the hinterland or the marginal customer where formal commercial banking hasn’t. This ability to bring formal finance to the doorstep of the unbanked has driven the growth at nonbanking finance companies (NBFC), but 2019 could well alter the operating … Read More →
In a bid to increase credit limit to the housing developers and ensuring timely delivery of inventories to the home buyers Indian real estate developers have demanded hike in finance limit of the Non-Banking Financial Companies (NBFC). They said it would help developers to restart the stuck realty projects and deliver the units by end … Read More →
As per the recently published RBI Data, loan growth in India has averaged at around 11% from 2012 to 2018 with a steady shift of share from traditional banking channels towards non-banking financial companies (NBFCs). As on March 2018, while the total outstanding of bank loans to corporate grew by 6% year-on-year, the NBFCs witnessed … Read More →
After the conflict between the government and the Reserve Bank of India on the issue of providing liquidity to the non-banking financial companies or NBFCs, the RBI on Friday allowed banks to provide a lifeline to some of the NBFCs through the partial credit enhancement (PCE) route. In a notification issued on Friday, the RBI … Read More →