{"id":275810,"date":"2019-05-23T06:27:15","date_gmt":"2019-05-23T06:27:15","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=275810"},"modified":"2019-05-23T06:28:30","modified_gmt":"2019-05-23T06:28:30","slug":"ilfs-crisis-may-lead-to-consolidation-in-nbfc-sector-fitch-ratings-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ilfs-crisis-may-lead-to-consolidation-in-nbfc-sector-fitch-ratings-2\/","title":{"rendered":"IL&amp;FS crisis may lead to consolidation in NBFC sector: Fitch Ratings"},"content":{"rendered":"<p>New Delhi: The debt crisis in IL&amp;FS has adversely impacted growth of the NBFC sector in India and might lead to its consolidation, said a report by Fitch Ratings on shadow banking.<\/p>\n<p>Non-banking financial companies (NBFCs) are commonly referred to as the shadow banking sector.<\/p>\n<p>The report comes against the backdrop of the Reserve Bank of India&#8217;s decision to create a specialised cadre to supervise and regulate the financial sector, including banks and NBFCs.<\/p>\n<p>The Indian shadow banking industry&#8217;s rapid growth and reliance on short-term funding sources &#8220;bubbled over&#8221; in 2018, most evident by the default of Infrastructure Leasing and Financial Services (IL&amp;FS) in September last year, the report said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: The debt crisis in IL&amp;FS has adversely impacted growth of the NBFC sector in India and might lead to its consolidation, said a report by Fitch Ratings on shadow banking. Non-banking financial companies (NBFCs) are commonly referred to as the shadow banking sector. The report comes against the backdrop of the Reserve Bank of India&#8217;s decision to create a specialised cadre to supervise and regulate the financial sector, including banks and NBFCs. The Indian shadow banking industry&#8217;s rapid growth and reliance on short-term funding sources &#8220;bubbled over&#8221; in 2018, most evident by the default of Infrastructure Leasing and [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,189],"tags":[],"class_list":["post-275810","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-roads-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/275810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=275810"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/275810\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=275810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=275810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=275810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}