( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

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PROFILE & SOUNDNESS OF NBFCS-D IN INDIA DURING GLOBAL FINANCIAL CRISIS

    2 Author(s):  SACHIN B. KHANDARE , DR. KISHOR L. SALVE

Vol -  6, Issue- 6 ,         Page(s) : 338 - 344  (2015 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

NBFCs are being recognized gradually as complementary to the banking sector due to their customer-oriented services, simplified procedures, and attractive rates on deposits, flexibility and timeliness in meeting the credit needs of specified sectors. Being heterogeneous group of institutions performing financial intermediation in a variety of ways non-banking financial companies (NBFCs) are fast emerging as an important segment of Indian financial system. They raise funds from the public, directly or indirectly and lend them to ultimate spenders. They advance loans to the various wholesale and retail traders, small-scale industries and self-employed persons. They have broadened and diversified the range of products and services offered by a financial sector.

  1.  N.R. Bhanumurthy, Impact of Global Economic Crisis on the Indian Economy, National Institute of Public Finance & Policy, New Delhi, <http://chr.sagepub.com/content/45/2/163.short>
  2.   T. Muthukumar, M. Sirajudeen, S. Tamilenthi3, Global Financial Crisis And Its Impact On Indian Economy-An Analysis And Perception, International Journal of Current Research Vol. 4, Issue, 05, pp.202-205, May, 2012, p. 202.
  3.   RBI, Report on Currency & Finance, 2008-09, p. 2.
  4.   The Economist, Oct 14th 2008, <http://www.economist.com/node/12411151>
  5.   Ibid 
  6.  < https://www.rbi.org.in/scripts/BS_SpeechesView.aspx?Id=870 >

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