This study analyses Regulatory Challenges & Concerns faced by Non-Banking Finance in India and re... more This study analyses Regulatory Challenges & Concerns faced by Non-Banking Finance in India and recommends a course of action that can help in a stronger integration of NBFCs with the financial system of India, consequently leading to the development of a long term sustainable economy. The Existing Financial Scenario in India is comprehensively elaborated with emphasis on the role and significance of NBFCs. Need for Addressing the Concerns Regarding NBFCs are stressed upon with regard to Impingement imposed on the banking system due to certain fundamental flaws in the working model of NBFCS. Suggestions are proposed in aspects we find discrepancies like Non-Availability of Refinancing, Lack of Defaulter Database, Lack of Flexibility in NPA Classification Norms, Disparate tax treatment, Leverage Ratio Restrictions, Need to Revise Minimum Credit Rating Parameter, Residual Regulator for Hybrid Issues. Prevailing issues are discussed and necessary reforms are advocated for Streamlining the System and Current Laws with newer rectifications.
This study analyses Regulatory Challenges & Concerns faced by Non-Banking Finance in India and re... more This study analyses Regulatory Challenges & Concerns faced by Non-Banking Finance in India and recommends a course of action that can help in a stronger integration of NBFCs with the financial system of India, consequently leading to the development of a long term sustainable economy. The Existing Financial Scenario in India is comprehensively elaborated with emphasis on the role and significance of NBFCs. Need for Addressing the Concerns Regarding NBFCs are stressed upon with regard to Impingement imposed on the banking system due to certain fundamental flaws in the working model of NBFCS. Suggestions are proposed in aspects we find discrepancies like Non-Availability of Refinancing, Lack of Defaulter Database, Lack of Flexibility in NPA Classification Norms, Disparate tax treatment, Leverage Ratio Restrictions, Need to Revise Minimum Credit Rating Parameter, Residual Regulator for Hybrid Issues. Prevailing issues are discussed and necessary reforms are advocated for Streamlining the System and Current Laws with newer rectifications.
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