 "Subhash Chandra Garg")
Economic affairs secretary SC Garg Saturday blamed the lack of real-time data for the ongoing crisis in the shadow banking sector and also called for sound regulations to help develop the sector in an orderly manner.
The government is trying to work with the Reserve Bank to create a system for more information about the NBFC sector, the secretary added.
Following the liquidity crisis in NBFC major IL&FS that began last August, the entire non-banking financial services sector has been passing through a crisis, primarily related to liquidity and many blame the same to a crisis of confidence rather than
