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Post-2015 slump to blame for NBFC crisis, banks' low credit growth: Experts

Outstanding credit growth declined to 13.2% between FY15 and FY18 from 18.2% between FY08 and FY15

Topics
Reserve Bank Of India  |  Bank Credit  |  Care Ratings

Advait Rao Palepu  |  Mumbai 



Post-2015 slump to be blamed for NBFC crisis, say experts

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, growth has slumped since 2015, as a result of which non- 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

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