Non-banking financial companies (NBFCs) are a significant contributor to credit growth, having captured over 20 per cent of the credit pie. Given their reach in the underserved and underbanked sectors, they play a pivotal role in achieving the objective of financial inclusion.
Both the government and regulators have recognised their importance, and have been coming up with a number of measures to support credit flow. The recently amended regulation under the co-lending model in the priority sector is one such measure which would help in achieving greater financial inclusion, with the twin ...
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