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Non-Banking Financial Companies Role in India's Development: A Way Forward

Non-Banking Financial Companies Role in India's Development: A Way Forward

Hardcover

Series: India Studies in Business and Economics

AccountingEconomicsInvesting & Finance

ISBN10: 9811333742
ISBN13: 9789811333743
Publisher: Springer Nature
Published: Jun 24 2019
Pages: 142
Weight: 0.91
Height: 0.44 Width: 6.14 Depth: 9.21
Language: English

This book examines the trend and growth of non-banking financial companies (NBFCs), both from balance sheet and regulations view-points. It further investigates the role of NBFCs in furthering financial inclusion, last-mile delivery of credit and their contribution to financial sector.

Since the Reserve Bank of India (RBI) formally recognised the NBFCs in India in 1964, they have increased significantly in terms of size, form and types of products and instruments. They have also managed their asset quality better than banks. Traditionally they were dependent on banks for funds, but after the global financial crisis they began to tap the capital market. Concomitantly, the RBI regulations have closed the fault lines and tightened rules.

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