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Strengthening regulation

Growth of NBFCs needs better supervision by RBI

Topics
Non-Banking Finance Companies | Reserve Bank of India | banking regulation

Business Standard Editorial Comment  |  New Delhi 



Non-banking financial companies (NBFCs) play an important role in the Indian financial system. They complement the banking system in credit intermediation, which is also reflected in the sector’s growth. The size of the NBFC sector has gone up from about 12 per cent of banking assets in 2010 to about a quarter. While the expansion has helped the economy, light-touch regulation in the sector can increase systemic risk. Some have considerably large balance sheets. In this context, to strengthen the regulatory framework of the sector, the (RBI) published a discussion paper last week.

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First Published: Sun, January 24 2021. 23:21 IST

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