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The scorching pace of bank credit growth to NBFCs

Thursday, November 1, 2018, 3:12 PM

The monthly data on bank credit to various sectors is now available till September-2018. Chart 1 shows the scorching pace of bank credit growth to non-banking financial companies (NBFCs) continued in September, although the Infrastructure Leasing and Financial Services Ltd's (IL&FS) debacle had come to light in that month. Chart 2 shows bank credit going to NBFCs as a percentage of total bank credit.
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NBFC scare shaves 8.5% of IndusInd Bank share price

Tuesday, October 23, 2018, 9:57 AM

IndusInd Bank, known for its pristine asset quality, is finding itself increasingly under pressure after it made public its exposure to the troubled Infrastructure IL&FS. The private lenders stock fell 8.5% on Monday as investors got jittery over the exposure. In its results press release, the lender had said that it has provided 275-crore towards to IL&FS though the exposure has not turned bad.

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