The development follows the RBI's central board decision to create separate supervisory and regulatory cadre
At least two such firms have raised money over the past month, and others are also in talks to do so, said industry sources.
NBFCs have played a key role in consumer credit growth over recent years
Robust balance and originations growth in the unsecured lending categories of credit cards and personal loans continued in Q2 2019
But banks and NBFCs continue to remain a cause for concern
Troubles began last year when major shadow bank IL&FS Group unexpectedly defaulted, prompting broader shock that made it hard for many companies to refinance debt
KKR India's recent loans have not done well, which is reflected in the spike in non-performing assets (NPAs)
Unable to change with the times, the regulator today no longer inspires absolute confidence
In the concluding part of the series, the author draws attention to the central bank's problems that need urgent fixing
A recent contagion analysis released by the Reserve Bank of India (RBI) suggested that the failure of any top-five HFC or NBFC could result in the default of up to two banks
The agency said it also pictured a scenario where 30 per cent of banks' property exposure becomes non-performing, due to tight liquidity and weak sales
Economic slowdown will delay decision, says founder of Shriram Group.
Securitisation under pass-through certificate (PTC) transactions was to the tune of Rs 92,000 crore in the past one year
With funding structures changing, growth pangs may be most visible in Q2
Most legal experts believe had the FRDI Bill been enacted alongside the Insolvency and Bankruptcy Code, it would have helped the government deal with the crisis better
Without bold action to deal with India's banking crisis, count on the economy's doldrums to continue for much longer than most of us anticipate
As reported earlier, the finance ministry has started work on reviving the Bill a year after withdrawing it
Fund managers expect well-managed banks to grab higher market share
The contraction has been across all the four segments of the commercial credit segment, including micro, small, medium, mid and large enterprises
NBFCs with a minimum rating of 'AA' are allowed to participate in the scheme.