Non-banking financial companies role in India's development : a way forward / R. Kannan, K.R. Shanmugam and Saumitra Bhaduri.
2019
HC433
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Online Access
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Unlimited
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Can lend chapters, not whole ebooks
Details
Title
Non-banking financial companies role in India's development : a way forward / R. Kannan, K.R. Shanmugam and Saumitra Bhaduri.
Author
Kannan, R., 1955- author.
ISBN
9789811333750 (electronic book)
9811333750 (electronic book)
9789811333743
9811333750 (electronic book)
9789811333743
Published
Singapore : Springer, [2019]
Language
English
Description
1 online resource.
Item Number
10.1007/978-981-13-3
Call Number
HC433
Dewey Decimal Classification
338.954
Summary
This book examines the trend and growth of non-banking financial companies (NBFCs), both from balance sheet and regulations view-points. It further investigates the role of NBFCs in furthering financial inclusion, last-mile delivery of credit and their contribution to financial sector. Since the Reserve Bank of India (RBI) formally recognised the NBFCs in India in 1964, they have increased significantly in terms of size, form and types of products and instruments. They have also managed their asset quality better than banks. Traditionally they were dependent on banks for funds, but after the global financial crisis they began to tap the capital market. Concomitantly, the RBI regulations have closed the fault lines and tightened rules. The book assesses whether NBFCs in India should be treated as shadow banks, discusses how to achieve the right amount of regulation and safeguards without unduly stifling the NBFC sector, and studies the funding opportunities and challenges of NBFCs in India. As such, it serves as a basic reference for students in finance, and a valuable tool for professionals such as policymakers and investment analysts and other stakeholders in the finance area.
Bibliography, etc. Note
Includes bibliographical references.
Access Note
Access limited to authorized users.
Source of Description
Online resource; title from PDF title page (viewed June 13, 2019).
Series
India studies in business and economics.
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