 "Banks gave about Rs 72,136 crore to NBFCs from April to October 2019")
• Banks gave about Rs 72,136 crore to non-banking financial companies (NBFCs) from April to October 2019, as against Rs 66,222 crore in same period last year
• Banks are supporting finance companies also by buying the high retail loan pools (home, consumer loan) and SME
• After IL&FS default in Q2FY19 banks have turned cautious in taking additional exposure
• Giving money mostly to NBFCs which extend retail and SME loans. The wholesale lenders are struggling to get extra funds
• Lenders have stepped up scrutiny of loan profile of finance firms. They are charging higher interest rate and higher collateral cover for exposures.
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