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What is NBFC about?

NBFCs have been providing the complementary services to the economy, like other financial institutions, including banks for fulfilling the funds requirements of the society. In the recent past, the NBFCs have played increasingly important role in resource mobilization and credit intermediation, thereby helping commercial sector to make up for low bank credit growth. Credit market share to NBFCs, which had accounted for 12-15 per cent of the total credit generated in the past two fiscals. With th

Author
Raksha Sundar
Language
EN