Mumbai : Prospects for NBFCs in segments like vehicle loans and loans against gold appear robust, buoyed by improvements in vehicle sales and rising gold prices, an RBI bulletin said on Wednesday.

Observing that Non-banking Financial Companies (NBFCs) play a vital role in India's economic growth, it said, these institutions by providing finance for infrastructure, vehicles, housing, and consumer goods, improve aggregate demand, create jobs, and contribute to economic expansion. Read Also India’s Biggest Consumer Goods Giant Hindustan Unilever Slashes Prices Of Popular Products After...

The growing contribution of NBFCs to credit, particularly to the industrial and retail sectors, is evident in their rising credit-to-GDP ratio, it said. Moreover, the introduction of Liquidity Coverage

See Full Page