BS BFSI Insight Summit: NBFCs ready to harness growth, says Vishwanathan

Says RBI deserves part of the credit because of strong regulatory framework

Non-banking financial companies (NBFC) are ready to harness the country’s growth potential as it shrugs off the effects of the pandemic and part of the credit should go to the regulator, said N S Vishwanathan, former deputy governor, Reserve Bank of India (RBI).
 
“A strong regulatory framework, the successful resolution of a large housing finance company (HFC), a host of measures to ensure adequate flow of funds to the sector, strengthening the co-lending model, and this combined with the ability of the NBFCs to be nimble and flexible mean that the sector has a lot going for it in