{"id":289612,"date":"2019-08-30T06:52:24","date_gmt":"2019-08-30T06:52:24","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=289612"},"modified":"2019-08-30T06:52:24","modified_gmt":"2019-08-30T06:52:24","slug":"thanks-to-ilfs-fiasco-nbfc-funding-to-commercial-sector-plunges-20-in-fy19-rbi","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/thanks-to-ilfs-fiasco-nbfc-funding-to-commercial-sector-plunges-20-in-fy19-rbi\/","title":{"rendered":"Thanks to IL&amp;FS fiasco, NBFC funding to commercial sector plunges 20% in FY19: RBI"},"content":{"rendered":"<p>MUMBAI: The Reserve Bank has blamed the fall of the IL&amp;FS group and the resultant negativism on the sector for the near 20 percent plunge in the flow of credit to the commercial sector from non-banking lenders in FY19. <\/p>\n<p>Credit flow from NBFCs to the commercial credit stood at Rs 9.34 lakh crore as of FY19, down from a high Rs 11.60 lakh crore as of FY18, the RBI says in its annual report for 2019, released Thursday. <\/p>\n<p>&#8220;The decline in flows from non-banking entities was mainly on account of the lower flows from non-deposit taking systemically important NBFCs (net of bank credit to NBFCs) and housing finance companies, particularly in the aftermath of IL&amp;FS fall,&#8221; says the report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: The Reserve Bank has blamed the fall of the IL&amp;FS group and the resultant negativism on the sector for the near 20 percent plunge in the flow of credit to the commercial sector from non-banking lenders in FY19. Credit flow from NBFCs to the commercial credit stood at Rs 9.34 lakh crore as of FY19, down from a high Rs 11.60 lakh crore as of FY18, the RBI says in its annual report for 2019, released Thursday. &#8220;The decline in flows from non-banking entities was mainly on account of the lower flows from non-deposit taking systemically important NBFCs (net [&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":[130,193,136],"tags":[],"class_list":["post-289612","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289612","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=289612"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289612\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=289612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=289612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=289612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}