NBFC rules not on par with banks: RBI deputy governor
NBFC rules not on par with banks: RBI deputy governor
RBI deputy governor M Rajeshwar Rao highlighted the advantageous position of large finance companies over banks, citing lighter regulation. NBFCs in India, unlike global trends, expanded by 10% in 2022, controlling a significant loan share. Concerns include peer-to-peer lending risks and overdependence on bank funding, urging NBFCs to emerge from banking sector shadows.
RBI deputy governor M Rajeshwar Rao highlighted the advantageous position of large finance companies over banks, citing lighter regulation. NBFCs in India, unlike global trends, expanded by 10% in 2022, controlling a significant loan share. Concerns include peer-to-peer lending risks and overdependence on bank funding, urging NBFCs to emerge from banking sector shadows.
RBI deputy governor M Rajeshwar Rao highlighted the advantageous position of large finance companies over banks, citing lighter regulation. NBFCs in India, unlike global trends, expanded by 10% in 2022, controlling a significant loan share. Concerns include peer-to-peer lending risks and overdependence on bank funding, urging NBFCs to emerge from banking sector shadows. 
