India Ratings flags systemic risk issues on banking exposure to NBFCs

As per the agency, banks exposure to non-bank finance companies have risen to less that 6% of overall loans in FY15 to nearly 10% in FY20. At the end of September quarter state-run banks alone contributed more than 64% of overall Bank-NBFC funding.

from Banking/Finance-Industry-Economic Times https://ift.tt/3bZcHWR