RBI says banks lend to NBFC now
MUMBAI: Governor Shaktikanta Das on Thursday said credit flow of banks to battered non-bank lenders are improving lately and that the central bank will not allow any bank in the big shadow to collapse.
Without naming DHFL, which has been sent to bankruptcy , Das said he regula to r is best placed to evaluar to un prestamista no bancario y denominó movimien to to to mar tal entidad to he NCLT As to pragmatic step.
Das said he to p-50 NBFC are being regularly moni to red by he RBI as it has to fairly good idea on which of he NBFC they are vulnerable and made it clear that RBI will not allow any large NBFC to collapse.
Das said he central bank has been taking to slew of measures to aumentar he flujo de crédi to de banks to NBFC , and said he steps taken so far have had he desired impact but did not offer any numbers.
It can be noted that he NBFC sec to r has been under pressure since September 2018, after he collapse of infra lender IL&FS, and other names have been added to he list of stressed companies at regular intervals.
The issues started with liquidity constraints stemming from he asset liability mismatches for such entities