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India finance report 2023
November 18 , 2023
243 days
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- The first edition of the India Finance Report was published by the Centre for Advanced Financial Research and Learning (CAFRAL), an independent body set up by the RBI.
- The report points out that there are 9,666 non-banking financial institutions (NBFIs), classified into different categories.
- The phase from 2013 to 2018, was high growth, with NBFCs’ credit-GDP ratio increasing from 8.6 percent to 11.5 percent.
- The credit-GDP ratio of banks declined from 59.1 percent to 51.2 percent in the same period.
- In 2022-23, NBFCs witnessed a notable improvement with the CRAR rising to 27.6 per cent from 22.9 per cent in 2019-2020.
- Similarly, gross and net non-performing asset (NPA) ratios continue trending downwards.
- The RBI has discouraged deposit-taking NBFCs and their number has declined from 784 in 2002 to 49 now.
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