IL&FS crisis’ adverse impact on NBFC growth may lead to consolidation in sector: Fitch Ratings – Firstpost

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Last month, Fitch Ratings said the debt crisis in IL&FS had adversely impacted the growth of the NBFC sector in India and might lead to its consolidation. Non-banking financial companies (NBFCs) are commonly referred to as the shadow banking sector.

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IL&FS crisis’ adverse impact on NBFC growth may lead to consolidation in sector: fitch ratings business Press Trust of India May 22, 2019 16:56:14 IST New Delhi: The debt crisis in IL&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.