NBFC rules not on par with banks: RBI deputy governor
RBI deputy governor M Rajeshwar Rao highlighted the advantageous position of large finance companies over banks, citing lighter regulation. NBFCs in India, unlike global trends, expanded by 10% in 2022, controlling a significant loan share. Concerns include peer-to-peer lending risks and overdependence on bank funding, urging NBFCs to emerge from banking sector shadows.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
