ARTÍCULO
TITULO

A Review of Role and Challenges of Non-Banking Financial Companies in Economic Development of India

Afroze Nazneen    
Sanjeev Dhawan    

Resumen

For a large and diverse country like India, ensuring financial access to penetrate growth and entrepreneurship is a critical priority. In this scenario, the Non-Banking Finance Companies (NBFCs) sector has scripted a story that is remarkable. It speaks to the truly diverse and entrepreneurial spirit of India. From large infrastructure financing to small microfinance, the sector has innovated over time and found ways to address the debt requirements of every segment of the economy. To its credit, the industry has also responded positively to regulatory efforts to better understand risks and to address such risks through regulations. Over time, the sector has evolved from being fragmented and informally governed to being well regulated and in many instances, adopted best practices in technology, innovation and risk management as well as governance. In the light of this, the present study encompasses the role and challenges faced by NBFCs in Economic Development of India.Keywords: NBFCs, Banks, Financial Institutions, Lease and Hire, Purchase and Assets GrowthJEL Classification: G2DOI: https://doi.org/10.32479/ijefi.7220

 Artículos similares

       
 
Dan PAIUC     Pág. 81 - 93
Never before the need to function efficiently in multicultural contexts has been more apparent than today as, in our global and interconnected world, cultural intelligence (CQ) has become the central pillar of efficient leadership. Therefore, the objecti... ver más

 
Raysa ROCHA,Paulo PINHEIRO     Pág. 107 - 121
Society demands more sustainable business. Increasing organizational spirituality can be one manner of accomplishing this humanized strategy, and knowledge management is an efficient method to diffuse high-level values through the company. Spirituality h... ver más

 
Franco Lotito Catino     Pág. 85 - 100
Given the fact that there is no way to abstract ourselves from the meaning and importance that has had, has and will have the issue of  leadership in our society, the objective of this article seeks to highlight the strategic role that plays a leade... ver más

 
Tuan Khanh VUONG,Premkumar RAJAGOPAL     Pág. 277 - 296
The SME sector has a large representation within Ho Chi Minh City (HCMC)-Vietnam and it provides a significant contribution in supporting the socio-economic benefits. SMEs in the manufacturing sector within HCMC that participate in the global markets, sh... ver más

 
Chiara DI GERIO,Gloria FIORANI,Giuseppe PACIULLO     Pág. 31 - 44
In the panorama of international strategies and commitments to sustainability, education is central to the pursuit of sustainable development. Educational institutions at all levels are playing a new role in promoting values and ideals linked to sustaina... ver más