Repairing NBFCs

Recently released data from the Finance Industry Development Council (FIDC) delineates the extent of the slowdown in the non-banking finance companies (NBFC). According to the data, when housing finance companies were excluded, the quantity of loans sanctioned by NBFCs fell by 31 per cent year-on-year in the fourth quarter of 2018-19, between January and March of this year. This came after a 17 per cent year-on-year decline in the third quarter of the same financial year, between October and December of 2018. This was the period in which defaults by entities associated with Infrastructure Leas.....

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