Ten years after the collapse of Lehman Brothers and the onslaught of a global economic recession, India’s financial institutions are facing their own “self-induced” crisis. Owing to various factors, bank credit growth has slumped since 2015, as a result of which non-banking financial companies (NBFCs) began to rely heavily on debt issuance for loan-book as well as physical growth, said analysts.
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First Published: Mon, October 22 2018. 05:52 IST