Reserve Bank of India: The Reserve Bank of India has said in one of its reports that the condition of non-banking financial companies (NBFCs) remains stable. Their condition has improved with adequate capital, strong interest margins and better asset quality. Talking about this in the Financial Stability Report, it has been said that this year RBI had taken action to stop giving loans to four non-banking financial companies. This was done in order to help consumers charge more interest on loans. After this action of RBI, the loan growth of…
Read MoreNBFC loan growth significantly drop down after RBI decision
