non banking financial companies
RBI in a circular in 2014 had communicated to NBFCs and MFIs regarding pricing of credit on last working day of every quarter.
RBI sets average base rate of 9.18 pc for NBFC-MFI borrowers for July quarter
28 Jun 2019 3:23 PM

RBI sets the average base rate for NBFC-MFIs on the basis of average of base rate of the five largest commercial banks.

"There is an imminent crisis in the NBFC sector. There is a credit squeeze, over-leveraging, excessive concentration, massive mismatch between assets and liabilities, coupled with some misadventures by some very large entities, which is a perfect recipe for disaster," Injeti Srinivas said.
Imminent crisis in NBFC sector: Corporate Affairs Secy
12 May 2019 5:09 PM

The financial system has been grappling with multiple woes in the wake of the turmoil at IL&FS group.

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