Neutral-to-positive impact of RBI's draft circular on govt-owned NBFCs: Report
The Reserve Bank's recent draft circular on declaration of dividends by non-banking financial companies (NBFCs) will have a neutral-to-positive impact on government-owned NBFCs, India Ratings and Research (Ind-Ra) said.
The report said the role of NBFCs in the economy is increasing with the rising demand for credit. IANS pic