Indian NBFCs Increasingly Dependent on Bank Loans: RBI report

  • Upper-layer non-banking financial companies (NBFCs) in India are relying more on bank loans as their main source of funding.
  • The bank’s share in overall NBFC borrowing rose to 35.1% in December 2022, up from 29.7% two years earlier.
  • The report suggests that NBFCs diversify their funding sources to reduce excessive bank dependency.
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