THE INCREASING REGULATORY scrutiny on deposit-taking entities of non-banking financial companies and the RBI (Reserve Bank of India)'s reluctance to hand out fresh deposit permits have compelled shadow banks to look for alternate sources of funding.
Additionally, the inability of many small and medium-sized NBFCs to build a sizeable deposit base has contributed to the sharp decline in the number of deposit taking NBFCs, say experts.
The latest data from the Reserve Bank of India (RBI) showed that the number of deposit-taking NBFCs fell to 26 in September 2023, from 241 in March 2014. The deposit base of non-bank lenders stood at ₹96,156 crore as of September 30.
"The regulations for deposit-taking NBFCs are very stringent regardless of size and scale of these lenders. It has been a stated policy of the RBI to discourage deposit acceptance by NBFCs. For instance, deposit-taking NBFCs are not eligible to partake in co-lending arrangements even as these type of arrangements have gained traction," said Raman Aggarwal, director, Finance Industry Development Council.
この記事は Financial Express Mumbai の March 07, 2024 版に掲載されています。
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この記事は Financial Express Mumbai の March 07, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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