RBI action specific, does not flag systemic concerns: Heads of NBFCs

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RBI action specific, does not flag systemic concerns: Heads of NBFCs - Business Standard

Quick Summary:

When asked whether NBFCs are losing the arbitrage over banks since they have also been asked to provide for liquidity coverage ratio (LCR), Mulye said various lending models are required to serve 1.3 billion people.

When asked whether the RBI action has changed banks' perception against NBFCs, Umesh Revankar of Shriram Finance, said he did not see any of the banks trying to back off from the existing arrangements with NBFCs.

However, the recent action was against the four non-banking entities, two NBFCS and as many micro finance institutions (MFIs), he asserted.“The recent action is a bit more in our mind.