Abstract
In 1999, 7855 NBFCs registered with the RBI. However, in 2002, the number of NBFCs registered with RBI increased to 14,077. During this period, however, the number of deposit taking NBFCs increased from 624 to 784 (not shown).
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- 1.
The gold loan industry is adjusting to the new regulatory changes, while the construction equipment loan industry is affected by slowdown in investment (CRISIL 2014).
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Due to (i) various regulatory measures of RBI and (ii) the development of capital market and enhanced availability of other investment instruments, the public deposits declined.
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The HHI is calculated by squaring the share of each firm (entity) in total assets (or credit) and then summing the resulting numbers. It varies from 0 to 10,000 with the highest value indicating monopoly and zero indicating perfect competition. In general, if its value is less than 1000, the industry is considered as competitive; if it ranges 1000–1800, the industry is moderately concentrated; if its value is greater than 1800, the industry is highly concentrated.
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Kannan, R., Shanmugam, K., Bhaduri, S. (2019). Growth and Development of NBFCs. 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_2
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DOI: https://doi.org/10.1007/978-981-13-3375-0_2
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