Why the Jio Credit-BofA deal could herald renewed foreign interest in non-banks
“It’s a trend, and the way NBFCs are growing, it’s likely to continue,” said Siddharth Goel, director – APAC financial institutions, Fitch Ratings. “Foreign capital is taking a lot of interest, and they are more comfortable with the governance practices of Indian NBFCs after regulations being tightened over the last 4-5 years. Earlier, foreigners were more skeptical on the governance side of the sector,” Goel said.
