RBI relaxes norms for Indian banks to lend to NBFCs

RBI relaxes norms for Indian banks to lend to NBFCs

FILE PHOTO: A Reserve Bank of India (RBI) logo is seen inside its headquarters in Mumbai, India, April 6, 2023. REUTERS/Francis Mascarenhas/File Photo

Indian non-banking financial companies (NBFCs) are likely to tweak their funding pattern in the upcoming financial year, as the Reserve Bank of India’s relaxation of some lending norms could nudge banks to increase funding to this segment.

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