SBI knocks on RBI door, seeks cap on NBFC lender base
Financial Express Mumbai|April 13, 2024
STATE BANK OF India (SBI) has approached the Reserve Bank of India (RBI), requesting it to set a cap on the universe of lenders to nonbanking financial companies (NBFCs). Currently, many NBFCs simultaneously borrow from over 50-60 lenders.
SBI knocks on RBI door, seeks cap on NBFC lender base

SBI believes the large number of lenders makes it harder to monitor NBFCs'loan books. "Almost all NBFCs today have a large number of banks as their lenders. In some cases, it can be upwards of 50-60 in their liability mix and that crimps our ability to do due diligence," a senior SBI official said. SBI did not respond to queries sent by FE till going to the press.

The official said there are multiple banks who are lenders to a single NBFC, but they seldom communicate or hold meetings to gauge the performance of the borrower.

هذه القصة مأخوذة من طبعة April 13, 2024 من Financial Express Mumbai.

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هذه القصة مأخوذة من طبعة April 13, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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