non-banking financial institutions
Addressing the press on the sidelines of the national banking conference being organised by the industry lobby Ficci, RBI governor Shaktikanta Das ruled out ordering an asset quality review of the large NBFCs, says the RBI is not thinking about conducting one for now as it had done for the banks in late 2016 and early 2017.
RBI rules out asset quality review of NBFCs for now
19 Aug 2019 1:15 PM

IL&FS group's failure has made banks highly risk averse to the NBFC sector, leading to a severe liquidity crunch.

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