 "NBFC")
Backed by industry body Assocham, some key non-banking financial company (NBFC) players on Wednesday met Prime Minister Narendra Modi to bat for easier regulatory norms, highlighting how “over-regulation” is affecting their liquidity and “crippling” the sector.
However, the Prime Minister’s Office (PMO) told the industry executives to bring all relevant parties — finance ministry and Reserve Bank of India — to the table, a senior member of the industry said.
On behalf of the NBFCs, Assocham submitted a detailed memorandum to the Prime Minister, highlighting key issues and suggestions, along with demands that are aimed at improving the flow of credit to
