The scorching pace of bank credit growth to NBFCs

The monthly data on bank credit to various sectors is now available till September 2018. Chart 1 shows the scorching pace of bank credit growth to non-banking financial companies (NBFCs) continued in September, although

The scorching pace of bank credit growth to NBFCs

the Infrastructure Leasing and Financial Services Ltd’s (IL&FS) debacle had come to light in that month. Chart 2 shows bank credit going to NBFCs as a percentage of total bank credit. The data shows that banks had hugely increased their credit to NBFCs this year. No wonder turning the tap off is causing so much turmoil.

source: livemint


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