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Govt, RBI developing new system to collect information on NBFCs

Govt, RBI developing new system to collect information on NBFCs

Sunday, January 6, 2019, 5:04 PM

Lack of real-time data on NBFCs (non-banking financial companies) has pushed authorities to develop a system for more information about the sector as the government and the RBI are creating a new data source on such companies, The Indian Express reported. The NBFC sector has been witnessing liquidity crunch following the IL&FS crisis since August last year.
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