 "Round table")
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 the state-owned ones, in the wake of various issues plaguing the banking sector. However, some of that success came undone recently in the wake of the defaults by Infrastructure Leasing & Financial Services (IL&FS). Top experts discuss the way ahead for NBFCs.
What do you think about the present situation facing NBFCs?
Gagan Banga: There is undoubtedly a crisis. Any financial
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