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NBFCs: 70 Years Of Potholes And Repair Work
17 May 2019, 01:29 PM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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![Workers gather round an excavated ditch in the Parel area of Mumbai. (Photographer: Dhiraj Singh/Bloomberg)](https://media.assettype.com/bloombergquint%2F2019-05%2Fe3e6e0a2-5842-44a0-9ed7-53b2ae729f1d%2F309444091_1_16.jpg?rect=0%2C417%2C4000%2C2250&auto=format%2Ccompress&w=200)
Workers gather round an excavated ditch in the Parel area of Mumbai. (Photographer: Dhiraj Singh/Bloomberg)
The rise and decline of India’s non-banking financial companies is a familiar story. As the banking crisis intensified, the stability of the NBFC sector was celebrated by analysts and policymakers. Now the NBFC sector itself is under trouble starting with the IL&FS fallout to engulfing much of the sector. Just like the long history of banking crises in India, we have had crises in the NBFC sector as well.
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