Mutual fund funding to NBFCs increases after RBI's risk weight hike

Quick Summary:

The bank credit to NBFCs was Rs 14.76 trillion in October 2023, according to Reserve Bank of India data.

As for bank loans to finance companies, they rose by 16 per cent year-on-year to Rs 15.6 trillion in May 2024.

In November 2023, RBI had flagged the concern over the extent of bank funding to NBFCs and hiked the risk weights on such exposure by 25 percentage points.

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Article Details

Category: BusinessFinance

Markets: India

Topics: NBFC funding NBFC sector Mutual Funds Mutual Funds funding Markets Commercial paper NBFC

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 18:05:50 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 404 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21574560

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