Abstract
It is a well-established fact that banks occupy an important role in the economic development of India, through loans and investments for agriculture, industries and services sectors. India’s growth is predominantly bank-financed.
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Notes
- 1.
According to CRISIL (2014), the market share of NBFCs in the total credit system of the country was 14.7% in 2006–07 and it marginally increased to 15.7% in 2012–13.
- 2.
While NBFCs have grown steadily over years, the retail market share of banks has recorded a subdued growth.
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Kannan, R., Shanmugam, K., Bhaduri, S. (2019). Banks and NBFCs in India: A Comparative Analysis. In: Non-Banking Financial Companies Role in India's Development. India Studies in Business and Economics. Springer, Singapore. https://doi.org/10.1007/978-981-13-3375-0_8
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DOI: https://doi.org/10.1007/978-981-13-3375-0_8
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Online ISBN: 978-981-13-3375-0
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