NBFCs flags issue of banks overcharging for funds to Shaktikanta Das

The representatives of finance companies have flagged issue of banks increasing interest rates on loans to Non-Banking Finance Companies who are in need of funds.

In meeting with RBI governor Shaktikant Das, NBFCs also sought revision in rules to access funds from MUDRA, refinancing agency which is subsidiary of SIDBI. They also sought a structured arrangement for interaction with the Reserve Bank of India.    

RBI governor has been holding consultations with various stakeholders in the financial sector after taking charge in December 2018. He has already met chief executives of public sector banks and cooperative banks.  

Finance Industry Development Council,