The RBS model is a comprehensive system that assesses risks within the financial system by focussing more on the resolution of those risks.
In a letter written to the RBI Governor Shaktikanta Das, the industry body also requested loan recast for smaller NBFCs, having asset size of less tha
Non-banks are better prepared to manage as they have ramped-up defences in the form of stronger capitalisation buffers and better on-balance sheet liq
Of the four banks listed in the market, more than half the buyers are taking deliveries
Public sector banks offer the cheapest rate of interest, while NBFCs score with wide network and prompt service to grab a bigger slice of the market,
The interest rates on personal loans are higher than those on home, car, or gold loans
In a letter to NPCI, a representative body of non-banking finance companies said many small NBCFs do not have well-developed websites and their custom
Gold loans act as a saviour for many in need of money, especially for those who do not have a stable job or a muted credit score
NBFCs said they would like the government to compensate them for their cost by way of paying interest to their depositor
The rebound in economic and business activities has also improved borrowers' repayment capability, Icra said