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BS Banking Annual 2018: 'Prepare for growth and margin squeeze'

Edited excerpts from the Business Standard NBFC Round Table

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(From left) Indiabulls Housing Finance Vice-chairman and MD Gagan Banga, Multiples Alternate Asset Management Founder and CEO Renuka Ramnath, Business Standard Consulting Editor Tamal Bandyopadhyay, former Reserve Bank of India Deputy Governor S S Mundra, and Centrum Group Chairman Jaspal Bindra

Business Standard

8 min read Last Updated : Dec 18 2019 | 10:00 PM IST

Over the past 10 years, non-banking financial companies (NBFCs) and housing finance companies (HFCs) have grown from being specialist financiers to companies grabbing market share from banks, especially state-owned ones, in the wake of various issues plaguing the banking sector. However, some of that success has come undone recently in the wake of the defaults by Infrastructure Leasing & Financial Services (IL&FS). Top experts discuss the way ahead for NBFCs. Edited excerpts from the Business Standard NBFC Round Table:

How do you see the present situation of non-banking finance companies (NBFCs) after the IL&FS problem?

Gagan Banga: There is undoubtedly a crisis.

Topics : BS Banking Annual

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