Credit growth may slip to 10% on band-aids in future, warn analysts

India Ratings said the 15 top NBFCs have around Rs 5 trillion loan assets that are 'preferred for assignment or securitisation'

Analysts have warned that measures taken by the Reserve Bank of India (RBI) and State Bank of India (SBI) to improve liquidity in the financial system — possibly facing the worst crisis in the past five years — are only temporary ones. More was required to restore normalcy to credit markets, they added.

Over the past month, the central bank has infused Rs 320 billion into the system and is expected to pump in Rs 240 billion more in October, through open-market operations. On the other hand, the government is encouraging banks to purchase asset buyouts from non-banking financial companies