Non-Banking Financial Companies Role in India's Development - A Way Forward (Hardcover, 1st ed. 2019)

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.

General

Imprint:	Springer Verlag, Singapore
Country of origin:	Singapore
Series:	India Studies in Business and Economics
Release date:	June 2019
First published:	2019
Authors:	R. Kannan • K.R. Shanmugam • Saumitra Bhaduri
Dimensions:	235 x 155mm (L x W)
Format:	Hardcover
Pages:	142
Edition:	1st ed. 2019
ISBN-13:	978-981-13-3374-3
Categories:	Books > Business & Economics > Economics > Macroeconomics > General Books > Business & Economics > Finance & accounting > Finance > Banking Books > Money & Finance > Banking
LSN:	981-13-3374-2
Barcode:	9789811333743

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