The last one year has been a reality check for non-banking financial companies (NBFCs). With a decline in supply of money, rising cost of borrowing, increasing questions on governance following high-profile defaults and slowdown in consumption impacting auto sector the most, the lending industry is faced with a number of challenges.

Non-banking financial companies will continue to play a key role

Author

Zee News Rajasthan

Editor

Venkatraman Gopalakrishnan

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