期刊名称：International Journal of Advances in Engineering and Management
电子版ISSN：2395-5252
出版年度：2020
卷号：2
期号：7
页码：842-848
DOI：10.35629/5252-0207800803
语种：English
出版社：IJAEM JOURNAL
摘要：Non-Banking finance has been instrumental in expanding the reach of credit in India. They have historically leveraged the relatively looser regulatory oversight to extend credit in sectors and to consumers who are typically underserved by India‟s formal banking structure. However, the IL&FS crisis of 2018 exposed major systemic issues with regards to credit practices followed by NBFCs. This makes it imperative that necessary regulation is put in place to prevent future crisis. The regulations put in place must not curb the idiosyncrasies of the sector, which have led to its success and relevance and still prevent it from imploding. This paper investigates the regulatory scenario for NBFCs in India and suggests suitable reforms. A careful analysis of past exercises into the same has also been reviewed.
