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Non-Banking Financial Companies Role in India's Development

A Way Forward

  • R. Kannan
  • K. R. Shanmugam
  • Saumitra Bhaduri
Book

Part of the India Studies in Business and Economics book series (ISBE)

Table of contents

  1. Front Matter
    Pages i-xxii
  2. R. Kannan, K. R. Shanmugam, Saumitra Bhaduri
    Pages 1-7
  3. R. Kannan, K. R. Shanmugam, Saumitra Bhaduri
    Pages 9-36
  4. R. Kannan, K. R. Shanmugam, Saumitra Bhaduri
    Pages 37-60
  5. R. Kannan, K. R. Shanmugam, Saumitra Bhaduri
    Pages 61-66
  6. R. Kannan, K. R. Shanmugam, Saumitra Bhaduri
    Pages 67-72
  7. R. Kannan, K. R. Shanmugam, Saumitra Bhaduri
    Pages 73-80
  8. R. Kannan, K. R. Shanmugam, Saumitra Bhaduri
    Pages 81-94
  9. R. Kannan, K. R. Shanmugam, Saumitra Bhaduri
    Pages 95-101
  10. R. Kannan, K. R. Shanmugam, Saumitra Bhaduri
    Pages 103-124
  11. R. Kannan, K. R. Shanmugam, Saumitra Bhaduri
    Pages 125-138
  12. Back Matter
    Pages 139-142

About this book

Introduction

This book examines the trend and growth of non-banking financial companies (NBFCs), both from balance sheet and regulations view-points. It further investigates the role of NBFCs in furthering financial inclusion, last-mile delivery of credit and their contribution to financial sector.

Since the Reserve Bank of India (RBI) formally recognised the NBFCs in India in 1964, they have increased significantly in terms of size, form and types of products and instruments. They have also managed their asset quality better than banks. Traditionally they were dependent on banks for funds, but after the global financial crisis they began to tap the capital market.  Concomitantly, the RBI regulations have closed the fault lines and tightened rules.

The book assesses whether NBFCs in India should be treated as shadow banks, discusses how to achieve the right amount of regulation and safeguards without unduly stifling the NBFC sector, and studies the funding opportunities and challenges of NBFCs in India. As such, it serves as a basic reference for students in finance, and a valuable tool for professionals such as policymakers and investment analysts and other stakeholders in the finance area.

Keywords

NBFCs Shadow Banks Financial Inclusion Investment Funds Interconnectedness with Banks Non-Banking Financial Companies (NBFCs)

Authors and affiliations

  • R. Kannan
    • 1
  • K. R. Shanmugam
    • 2
  • Saumitra Bhaduri
    • 3
  1. 1.Madras School of EconomicsChennaiIndia
  2. 2.Madras School of EconomicsChennaiIndia
  3. 3.Madras School of EconomicsChennaiIndia

Bibliographic information

  • DOI https://doi.org/10.1007/978-981-13-3375-0
  • Copyright Information Springer Nature Singapore Pte Ltd. 2019
  • Publisher Name Springer, Singapore
  • eBook Packages Economics and Finance
  • Print ISBN 978-981-13-3374-3
  • Online ISBN 978-981-13-3375-0
  • Series Print ISSN 2198-0012
  • Series Online ISSN 2198-0020
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking