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Growth of shadow banks poses threat to financial stability: RBI report

Balance sheet expanded but asset quality deteriorated, says RBI report

Topics
Reserve Bank of India | NBFCs | shadow banking

Manojit Saha  |  Mumbai 



The RBI was at the forefront of providing stimulus to the economy last year, while the Narendra Modi-led government followed with modest fiscal steps
RBI issued guidelines extending the prompt corrective action (PCA) framework for NBFCs

The (RBI) has red-flagged non-banking financial companies (NBFCs) in its annual report, observing that balance sheets of shadow banks expanded even as the asset quality deteriorated. Moreover, the regulator said some of these entities pose potential threat to financial stability as their size increased due to higher risk appetite.

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First Published: Fri, May 27 2022. 13:44 IST

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