Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
NBFCs tap funds from other sources as bank credit slows
Mint Mumbai
|December 14, 2024
Top NBFCs have seen the share of bank credit in their total debt fall in Jul-Sep FY25
Non-bank financiers have heeded calls from the Reserve Bank of India to diversify their borrowing profile and are now gradually moving towards more market borrowings and other avenues such as overseas borrowing and securitization or asset sales instead of relying solely upon bank loans.
Top NBFCs have seen the share of bank credit in their total debt fall significantly in July-September FY25 compared with FY24-end and the year ago period. Led by RBI's repeated cautions on rising interconnectedness between banks and NBFCs and following the increase in risk weights for bank lending to NBFCs.
This share is expected to fall further in Q3, in-line with bank credit to NBFCs falling to 6.4% in October 2024 from 18.3% a year ago, according to RBI data.
This story is from the December 14, 2024 edition of Mint Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Mumbai
Mint Mumbai
Israel to relocate Jews from northeast
Israel’s government has approved a proposal to bring all the remaining 5,800 Jews from India’s northeastern region, commonly referred to as Bnei Menashe, over the next five years.
1 min
November 26, 2025
Mint Mumbai
IndoSpace Core acquires six logistics parks for over $300 mn
IndoSpace Core, a joint venture between the Canada Pension Plan Investment Board, or CPP Investments, and IndoSpace, has acquired six industrial and logistics parks valued at over $300 million.
1 min
November 26, 2025
Mint Mumbai
Businesses mustn't wait for a global climate consensus
This year’s United Nations climate summit in Belém, Brazil, ended last week. Countries made promises on paper and avoided hard decisions. Having gathered nearly 200 nations to chart out climate action, CoP-30 produced a ‘Belém Political Package’ that deferred questions rather than answer them. We should not pretend that this is progress.
3 mins
November 26, 2025
Mint Mumbai
Husk Power aims to raise $400 mn
Husk Power Systems, the world’s biggest solar mini-grid operator, has begun an industry-record capital raise of $400 million as it seeks to grow revenue 10-fold by 2030 and prepare for an initial public offering (IPO).
1 min
November 26, 2025
Mint Mumbai
Don't make AI models but make the most of what exists
Earlier this year, Amazon announced that it was eliminating 4,000 management positions because artificial intelligence (Al) tools had rendered those middle-management roles redundant.
3 mins
November 26, 2025
Mint Mumbai
The Federal Reserve’s tool for calming short-term funding markets is being tested
The Federal Reserve is struggling to persuade some banks to use a lending tool designed to improve the central bank’s control over short-term money markets.
3 mins
November 26, 2025
Mint Mumbai
Wipro to enter pet foods with ‘HappyFur’
Wipro Consumer Care and Lighting, the consumer venture of Wipro Enterprises, is set to enter India’s fast-growing pet food market with a new brand, ‘HappyFur’, said three people aware of the plan.
2 mins
November 26, 2025
Mint Mumbai
KKR strengthens its play in Lighthouse
Private equity firm KKR has made a fresh round of investment in Lighthouse Learning, along with new investor PSP Investments.
1 mins
November 26, 2025
Mint Mumbai
JioMart pulled up for uncertified walkie-talkies
India's top consumer watchdog has held Reliance JioMart guilty of misleading advertisements and unfair trade practices by allowing the sale of uncertified walkie-talkies on its platform, government officials aware of the matter said, in a first such action against an e-commerce portal.
1 mins
November 26, 2025
Mint Mumbai
Old medical history vs current claims: What do Irdai rules say?
My insurer has rejected my claim for acute motor axonal polyneuropathy, citing nondisclosure of resolved 2008 ankylosing spondylitis diagnosis. As it was fully cleared, I didn’t consider it relevant when buying the policy. Can insurers deny the claim on this basis, and what do Irdai rules say?
2 mins
November 26, 2025
Listen
Translate
Change font size