In today’s chart, let’s take a quick look at the allegations that banks aren’t giving money to NBFCs. Remember October? When NBFCs were falling like nine pins because of lack of liquidity? Well, they seem to have got their liquidity from banks.
In September and October, together, banks lent NBFCs a whopping 72,000 crore to NBFCs. Most of it came about in September but still.
And then, bank credit to NBFCs has grown 55 percent over the previous year! Read More