The shift comes after the risk weights on bank lending to higher-rated NBFCs were raised last year
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The report highlights that the emergence of new fintech players, supported by Non-Banking Financial Companies (NBFCs), has led to greater penetration of consumer credit, thereby accelerating the growth of unsecured loans
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Bank's credit-deposit ratios raise concerns about NBFCs' ability to secure funds, it said
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With banks actively participating as originators, the race to Rs 2 trillion mark is still on, according a report by Icra
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On 1 June 2024, Ugro Capital received the Shareholders’ approval and allotted CCDs worth Rs 258 crores and warrants worth Rs 1,007 crores
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