A Study of Nonbanking Financial Companies in India
Publication | October 2021
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This paper analyzes the evolution of the nonbanking financial company (NBFC) sector in India, including the drivers of the sector’s rapid rise and subsequent challenges in extending credit.
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In late 2018, the default by a major NBFC in India led to a credit crunch in the economy. In an attempt to understand the sector’s impact on the country’s, this paper also discusses factors contributing to the 2018 crisis. It also touches on current trends, in particular the potential impact of the coronavirus disease (COVID-19) pandemic on the NBFC sector.
Contents
- Introduction
- Comparison of Nonbanking Financial Companies with Commercial Banks
- Rise of Nonbanking Financial Companies in the 2010s
- Genesis and Anatomy of the Nonbanking Financial Company Crisis of 2018
- Housing Finance Companies
- Regulatory Response to the Nonbanking Financial Company Crisis
- Impact of the COVID-19 Pandemic
- Future of Nonbanking Financial Companies
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