NBFCs in India show no signs of recovery as the credit crisis rages on.
No Rescue: NBFCs in India continue to suffer on the back of the credit crisis that rages on. Among four indicators compiled by Bloomberg News including liquidity and share performance, three were stuck in the same position as the previous month, with two at levels indicating weakness. Another gauge showed total outstanding debt increased at 50 financial firms and other companies impacted by the crisis.
Meanwhile, the government has taken more steps in the recent past to provide the shadow banks of India with the much needed fillip. Livemint
Bonus Read: Read here a recent speech delivered by the RBI Governor Shaktikanta Das at the First Annual Economics Conference, Amrut Mody School of Management, Ahmedabad University which discussed how the banking system in India is at a crossroads.
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