From banks to NBFCs, foreign capital chases India’s credit growth
“…NBFIs have emerged as a major credit provider, outpacing banks in the advanced economies. In India, too, growth in NBFC credit has been high in recent years, even though banks remain the major credit provider. Importantly, the Indian NBFC sector has exhibited robust health in terms of profitability, asset quality and capital position,” said RBI Bulletin for October.
