 "nbfc, hfc, housing, loans, banks, realty, construction, default, sales")
Year after the NBFC crisis, financial flows from non-banks got severely hit in FY20
The drop in outstanding loans can be seen from how incremental credit was almost washed out in FY20. This year, while housing finance has improved, preliminary data shows that NBFC flow to the commercial sector is lagging. The sector may need more support in the form of credit and liquidity guarantees from public sector banks.
As a result, NBFCs and HFCs lost market share to banks in FY20, after a decade-long gradual rise
From 18 per cent a decade ago, non-banking financial companies and
