Description: Non-banking Financial Companies Role in India's Development : A Way Forward, Hardcover by Kannan, R.; Shanmugam, K. R.; Bhaduri, Saumitra, ISBN 9811333742, ISBN-13 9789811333743, Like New Used, Free shipping in the US
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.
Th 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.
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Book Title: Non-Banking Financial Companies Role in India's Development : a Way Forward
Number of Pages: Xxii, 142 Pages
Language: English
Publisher: Springer
Publication Year: 2019
Topic: Economics / Macroeconomics, Development / Economic Development, Industries / Financial Services
Illustrator: Yes
Genre: Business & Economics
Item Weight: 16 Oz
Item Length: 9.3 in
Author: K. R. Shanmugam, Saumitra Bhaduri, R. Kannan
Book Series: India Studies in Business and Economics Ser.
Item Width: 6.1 in
Format: Hardcover