Important to restore faith in NBFCs, says Reserve Bank of India

NBFCs are the largest net borrowers of funds from the financial system and banks provide a substantial part of the funding to NBFCs and HFCs. Rao said that failure of any large NBFC or HFC may translate into a risk to its lenders with the potential to create a contagion.

from Economy-News-Economic Times https://ift.tt/3pqzYJD