Unninarayanan, K., Poojari, A. and Gopakumar, K.U.
To regulate or strangulate: An ethics-based framework for NBFC regulation
- Economic and Political Weekly
- 58(30), Jul 29, 2023: p.13-16
A critique aspect of the current regulatory framework for non-banking financial companies by the Reserve Bank of India shows that such regulations would stymie the growth of NBFCs, constricting their lending ability that has been affected by the pandemic. What is needed is regulation through incentives instead of the threat of penalisation.- Reproduced
Non-banking financial companies, Reserve Bank of India, NBFC