INSUBCONTINENT EXCLUSIVE:
Mumbai: The financial position of Indian banks is gradually strengthening, with consolidation of state-run lenders and revival of financing
in the non-bank lending industry likely enhancing credit flows, a central bank report said Tuesday
Progress of Banking in India
opportunities for NBFCs due to default concerns
however, the evolving macro-economic scenario, and particularly the ongoing loss of pace in domestic economic activity, presents daunting
enable them to begin lending again
But many of the banks have turned cautious, and are reluctant to lend to projects, shifting instead their focus to retail clients buying
homes and cars.
Furthermore, credit availability was limited as a big chunk of the market was not funded as NBFCs could not avail financing
non-banking finance company and a housing finance company recently led to liquidity constraints and interruptions in their niche-centric
right, the regulator believes they would be under scrutiny until they raise private capital