BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
CareEdge Research Report
As on March 31, 2021, the non banking financial company sector (including housing finance companies), had an asset size of over Rs 54 lakh crore across 12 categories and the sector currently stands at 25% of the size of the banks.
The Reserve Bank of India has been issuing a series of regulations including the scale based regulations and prudential norms on income recognition, asset classification and provisioning pertaining to advances which are impacting the NBFC sector.
Now RBI has introduced a prompt corrective action framework to strengthen the supervisory tools applicable to NBFCs which would be effective beginning October 01, 2022; and be based on the financial position on or after March 31, 2022.
This comes after NBFCs ran into trouble and RBI had to supersede the board of directors and appoint an administrator/insolvency resolution professional.
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