RBI steps will prevent more NPAs, boost cheaper credit
4 years, 8 months ago

RBI steps will prevent more NPAs, boost cheaper credit

Live Mint  

Covid-19 has altered life as we know it, heralding unprecedented times in every way. In its second press conference since the nationwide lockdown because of the covid-19 outbreak, the Reserve Bank of India on Friday announced additional measures to support the economy and revive growth momentum. These measures announced by the RBI were primarily aimed boosting liquidity, expanding credit flow and easing the stress in the banking and financial services sector. Over the last few weeks the RBI has been engaging with players in the financial services sector and Friday's announcements comprehensively addressed most of the sectoral concerns. Easing financial stress Provisions announced for non-performing assets and stressed accounts such as the extension of the resolution plan for NPAs by another 90 days will give respite to the financial services sector.

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RBI's new credit reporting rules: Check how it will affect loan borrowers
Trending News
2 days, 11 hours ago

RBI's new credit reporting rules: Check how it will affect loan borrowers

India Today  

Starting January 1, 2025, the Reserve Bank of India has mandated lenders to update credit bureau records every 15 days, a shift from the previous monthly cycle. TIMELY UPDATES FOR BETTER CREDIT SCORES Under the older system, credit bureaus relied on monthly updates from lenders, leading to delays in capturing borrowers' repayment behaviour. For instance, timely payments or loan closures …

What RBI has in store for banks and NBFCs: New regulation, lens on unsecured loans
2 weeks ago

What RBI has in store for banks and NBFCs: New regulation, lens on unsecured loans

Live Mint  

India's banks and non-bank lenders are set to witness a slew of regulatory and supervisory changes in the year ahead, as the central bank pushes ahead with its recent measures to strengthen the banking system. The Reserve Bank of India will consider removing prepayment penalties on floating rate term loans to small businesses; examine inter-linkages between private credit firms, banks …

Rising Defaults Among Retail Borrowers are Stressing India’s Top Banks
1 month, 3 weeks ago

Rising Defaults Among Retail Borrowers are Stressing India’s Top Banks

The Quint  

Given that India’s economic growth relies heavily on domestic consumption, any slowdown in lending could ripple through the broader economy, impacting sectors dependent on consumer spending. Moreover, as banks shift their focus from retail to secured loans to mitigate risks, small and medium enterprises could face reduced access to capital, hindering job creation and slowing down economic expansion. In October, …

India assessing need for more measures to slow unsecured lending, cenbank chief says
7 months ago

India assessing need for more measures to slow unsecured lending, cenbank chief says

Hindustan Times  

MUMBAI - India's central bank is assessing whether further measures would be needed to slow down the growth in banks' lending towards unsecured loans and non-banking finance companies, Governor Shaktikanta Das said on Friday. India assessing need for more measures to slow unsecured lending, cenbank chief says The Reserve Bank of India, has warned lenders against "all forms of exuberance" …

RBI action on Kotak Mahindra Bank may restrain credit growth, profitability: S&P
8 months, 2 weeks ago

RBI action on Kotak Mahindra Bank may restrain credit growth, profitability: S&P

New Indian Express  

NEW DELHI: S&P Global Ratings on Friday said the RBI's regulatory action on Kotak Mahindra Bank could restrain the lender's credit growth and profitability. The RBI on Wednesday barred Kotak Mahindra Bank from issuing fresh credit cards and onboarding new customers online. "We anticipate Kotak Mahindra Bank could potentially take a year to fully address the RBI's key concerns for …

Why Kotak Mahindra Bank faces strict RBI curbs: How does it affect you?
8 months, 2 weeks ago

Why Kotak Mahindra Bank faces strict RBI curbs: How does it affect you?

Hindustan Times  

Kotak Mahindra Bank News: On Wednesday, the Reserve Bank of India directed Kotak Mahindra Bankto immediately stop onboarding new customers through its online and mobile banking channels and issuing fresh credit cards. REUTERS/Adnan Abidi/File Photo Why RBI took action against Kotak Mahindra Bank? • RBI said that it placed restrictions in the “interest of customers and to prevent any possible …

Why is RBI so cranky about fintech firms after Paytm crisis?
10 months, 2 weeks ago

Why is RBI so cranky about fintech firms after Paytm crisis?

Hindustan Times  

First, Paytm was asked to freeze its banking business, a crackdown so severe that India’s pioneering digital payments firm bled out nearly 60% of its market value in two weeks. While freezing fresh credits into Paytm Payments Bank accounts for “persistent non-compliances and continued material supervisory concerns,” RBI mandated that the bank terminate the nodal accounts of One 97 Communications …

RBI deputy governor urges banks to be prudent on lending to NBFCs
1 year ago

RBI deputy governor urges banks to be prudent on lending to NBFCs

Live Mint  

Mumbai: Banks need to reconsider whether they want to be part of lending consortiums to non-bank financiers that have scores of other lenders – up to 40 at times – to improve their monitoring of borrowers' use of sanctioned loans, RBI deputy governor Swaminathan J said. The deputy RBI governor was responding to a question from SBI managing director Ashwini …

RBI tightens norms for personal loans and credit cards, raises capital requirements
1 year, 1 month ago

RBI tightens norms for personal loans and credit cards, raises capital requirements

Live Mint  

The Reserve Bank of India on Thursday tightened norms for personal loans and credit cards in the form of higher capital requirements. The new norms will make personal loans and credit cards costlier and may curb growth in these categories. The central bank has raised the risk weights for lenders and non-bank financial companies, or the capital that banks need …

Financial information registry will help expedite credit flows: RBI Governor
1 year, 10 months ago

Financial information registry will help expedite credit flows: RBI Governor

The Hindu  

The national financial information registry announced in the 2023-24 Union Budget is aimed at expediting loan sanctions and credit flows by offering lenders a “360 degree” perspective on potential borrowers, Reserve Bank of India Governor Shaktikanta Das said on Saturday. The idea is to create one registry where, to the extent possible considering issues of privacy and other things, the …

‘Govt., RBI measures help banks recover bad loans worth more than ₹8.6 lakh crore in last 8 fiscal years’
2 years, 5 months ago

‘Govt., RBI measures help banks recover bad loans worth more than ₹8.6 lakh crore in last 8 fiscal years’

The Hindu  

Concrete steps taken by the government and RBI helped banks recover bad loans worth more than ₹8.6 lakh crore in the last eight financial years, the government informed Parliament on Monday. Several factors - including prevailing macroeconomic conditions, sectoral issues, global business environment, delayed recognition of stress by banks, aggressive lending during upturns, improper risk pricing and poor credit underwriting …

RBI Raises Housing Loan Limits For Cooperative Banks; Urban Coops Allowed Doorstep Services
2 years, 7 months ago

RBI Raises Housing Loan Limits For Cooperative Banks; Urban Coops Allowed Doorstep Services

News 18  

The Reserve Bank of India on Wednesday increased the limits for individual housing loans being extended by urban cooperative banks and rural cooperative banks, by over 100 per cent. Ramesh Nair, CEO and MD of Colliers, said, “The RBI has clearly emphasised on the significant role cooperative banks can play in expanding higher credit flows into the housing sector while …

Diminishing options: The Hindu Editorial on RBI’s June 2021 policy statement
3 years, 7 months ago

Diminishing options: The Hindu Editorial on RBI’s June 2021 policy statement

The Hindu  

The RBI’s latest policy statement underscores the diminishing options available to it to address the economic fallout from the COVID-19 pandemic. The bank’s Monetary Policy Committee left benchmark interest rates unchanged for a sixth straight meeting and reiterated that it would keep its policy stance accommodative ‘as long as necessary to revive and sustain growth on a durable basis’. Since …

A year after PMC Bank scam, RBI says NPAs rise in urban co-operative banks, losses balloon up
4 years ago

A year after PMC Bank scam, RBI says NPAs rise in urban co-operative banks, losses balloon up

Firstpost  

The Reserve Bank of India said the quantum of gross NPAs in the 1,539 UCBs increased to Rs 33,010 crore at end-FY20 from Rs 22,093 crore a year ago Mumbai: The proportion of gross non-performing assets of urban co-operative banks saw a rise in FY20 to 10.8 percent as against 7.3 percent in the previous year, the Reserve Bank said …

Policy roll-back may dent banks’ health, says RBI
4 years ago

Policy roll-back may dent banks’ health, says RBI

The Hindu  

In 2020-21, as policy support is rolled back, the impact of the COVID-19 pandemic may dent the health of the banks and non-banks, the Reserve Bank of India said in its Report on Trend and Progress of Banking in India 2019-20. This is a statutory publication in compliance with Section 36 of the Banking Regulation Act, 1949 and this Report …

Explained: Why India's banks will face major NPA challenge in 2021
4 years ago

Explained: Why India's banks will face major NPA challenge in 2021

India Today  

The coronavirus pandemic has had a devastating impact on banks and financial institutions around the world as the global economic crisis has led to a rise in defaults and bad loans. It also expects the Indian banking sector’s bad loans to shoot up to 10-11 per cent of the total loans as on March 31, 22 from eight per cent …

RBI Governor Shaktikanta Das Discusses Credit Flow, Rate Cut Transmission With Bank MDs
4 years ago

RBI Governor Shaktikanta Das Discusses Credit Flow, Rate Cut Transmission With Bank MDs

News 18  

Reserve Bank Governor Shaktikanta Das continued discussions with MDs and CEOs of both public and private sector banks on Wednesday. The discussions, which began Tuesday, included the assessment of the current economic situation and outlook, monetary policy transmission, credit flows to different sectors of the economy including stressed sectors and MSMEs, among other matters. An RBI statement said that in …

Non-performing loans in Indian banking sector to rise in next 12-18 months: S&P
4 years, 1 month ago

Non-performing loans in Indian banking sector to rise in next 12-18 months: S&P

The Hindu  

Non-performing loans in the Indian banking sector is likely to witness an uptick and may shoot up to 11% of gross loans in the next 12-18 months, S&P Global Ratings said on Tuesday. It said forbearance is “masking” problem assets for Indian banks arising from COVID-19 and the financial institutions will likely have trouble maintaining momentum after the proportion of …

NBFCs have an edge in banking licence race
4 years, 1 month ago

NBFCs have an edge in banking licence race

Live Mint  

Large non-bank lenders stand to gain the most from the Reserve Bank of India panel’s proposal to allow large companies and shadow lenders into banking services, experts said. More importantly, it would allow RBI to increase regulatory oversight over some of the large shadow lenders, particularly after the collapse of Infrastructure Leasing & Financial Services Ltd and Dewan Housing Finance …

High NPAs, sticky interest rates
4 years, 2 months ago

High NPAs, sticky interest rates

India Today  

A recent working paper from the Reserve Bank of India has said that a high incidence of non-performing assets in banks act as a major roadblock to the transmission of the monetary policy actions of the central bank—in other words, preventing banks from passing on the benefit of lower interest rates to their retail customers. This observation is significant because …

Bankers Join Issue with RBI Governor over Risk Aversion Comment
4 years, 4 months ago

Bankers Join Issue with RBI Governor over Risk Aversion Comment

News 18  

Heads of various public and private sector banks on Thursday sought to present a counter narrative on RBI Governor Shaktikanta Das warning lenders about the perils of extreme risk aversion in the pandemic-stricken environment where credit demand is on the wane. Soon after the governor spoke, Aditya Puri — MD & CEO of the country's largest private sector lender HDFC …

Finance Ministry Working with RBI on Need for Loan Restructuring, Says FM Nirmala Sitharaman
4 years, 5 months ago

Finance Ministry Working with RBI on Need for Loan Restructuring, Says FM Nirmala Sitharaman

News 18  

Finance Minister Nirmala Sitharaman on Friday said the government is working with the RBI on need for restructuring of loans to help industry tide over the impact of COVID-19. In principle, the idea that there may be a restructuring required, is well taken," Sitharaman said while addressing Ficci's National Executive Committee Meeting. Sitharaman said the Finance Ministry is working with …

RBI Governor Shaktikanta Das asks banks to raise capital in advance, build buffers to ensure credit flow
4 years, 5 months ago

RBI Governor Shaktikanta Das asks banks to raise capital in advance, build buffers to ensure credit flow

The Hindu  

As the COVID-19 outbreak has caused unprecedented uncertainties and exposed the country’s financial system to vulnerability, the Reserve Bank of India has asked lending institutions to conduct periodic “Covid stress tests” on their balance sheets to always remain alert and take timely action to raise capital and mitigate the risk as the economic outlook remains uncertain in the medium term. …

RBI measures for NBFCs may not boost credit flow to the broader economy: Moody's
4 years, 8 months ago

RBI measures for NBFCs may not boost credit flow to the broader economy: Moody's

India TV News  

The Reserve Bank of India's measures to help facilitate funds to the NBFC sector is unlikely to boost the credit flow to the broader economy as NBFCs would shore up their own liquidity rather than on-lending to customers, Moody's Investors Service said on Sunday. Moody's Investors Service Vice-President Alka Anbarasu said the measures will soften the near-term credit negative impact …

RBI ensures liquidity support to NBFCs
4 years, 8 months ago

RBI ensures liquidity support to NBFCs

The Hindu  

The Reserve Bank of India has announced a host of measures to provide liquidity support to the non-banking finance companies, apart from giving them certain benefits for loans extended to the commercial real estate sector. To begin with, the banking regulator said banks to have to invest the funds availed under targeted long term repo operations, in investment grade bonds, …

RBI announces repo rate cut, liquidity easing measures; economy requires stimuli, say analysts welcoming move
4 years, 9 months ago

RBI announces repo rate cut, liquidity easing measures; economy requires stimuli, say analysts welcoming move

Firstpost  

Reserve Bank of India Governor Shaktikanta Das’s announcement of rate cuts, forbearance on loans and liquidity easing measures were welcomed by analysts who said the economy requires stimuli in the present circumstances Reserve Bank of India Governor Shaktikanta Das’s announcement of rate cuts, forbearance on loans and liquidity easing measures were welcomed by analysts who said the economy requires stimuli …

Steps taken by RBI will help middle-class, businesses during lockdown: PM Modi
4 years, 9 months ago

Steps taken by RBI will help middle-class, businesses during lockdown: PM Modi

Live Mint  

Prime Minister Narendra Modi on Friday lauded the Reserve Bank of India’s decision to cut benchmark interest rates, three-moratorium on payment of installments, along with other measures on term loans will help the middle-class and the businesses deal with the 21-day nationwide lockdown in the wake of COVID-19 pandemic. Reserve Bank of India Governor Shaktikanta Das, earlier during the day …

Opinion | What the RBI’s statement did not say
4 years, 9 months ago

Opinion | What the RBI’s statement did not say

Live Mint  

As the world remains engulfed in an unprecedented crisis, Reserve Bank of India today strode to the front, to stand shoulder-to-shoulder with its global peers, decisively moving towards emergency settings which policy makers all over the world have switched to in the last six weeks. Clearly RBI is in its “battle-ready mode”, as the Governor termed the current situation, and …

EMIs put on hold, interest rate cut: RBI injects virus-fighting stimulus to tackle Covid-19 crisis
4 years, 9 months ago

EMIs put on hold, interest rate cut: RBI injects virus-fighting stimulus to tackle Covid-19 crisis

India Today  

The Reserve Bank of India on Friday introduced a barrage of relief measures to alleviate financial difficulties arising due to Covid-19 restrictions. RBI Governor Das said, "All commercial banks, co-operative banks, all-India Financial Institutions, and NBFCs are being permitted to allow a moratorium of three months on payment of instalments in respect of all term loans outstanding as on March …

Slowing credit offtake one of major challenges for banks: RBI Governor
4 years, 10 months ago

Slowing credit offtake one of major challenges for banks: RBI Governor

India TV News  

Reserve Bank Governor Shaktikanta Das on Monday said slowing credit growth is one of the major challenges that banks are facing currently. "Slowing credit offtake is one of the challenges that banks are facing," Das said at the Mint annual banking conclave here. Speaking about NBFCs, he said that credit flow to small NBFCs have improved over the last one …

RBI decision to ease norms for repaying project loans to bring relief to realty sector
4 years, 11 months ago

RBI decision to ease norms for repaying project loans to bring relief to realty sector

Live Mint  

After a lackluster Union budget, the ailing real estate market got a boost from the Reserve Bank of India with its decision to allow banks to extend commencement of commercial operations of project loans by another year. “This is a big move and will bring the much-needed relief to the cash-starved real estate sector - and to both developers and …

Opinion | Budget 2020 wish list: More freedom for NBFCs to revive demand
4 years, 11 months ago

Opinion | Budget 2020 wish list: More freedom for NBFCs to revive demand

Live Mint  

Non-banking finance companies play an important role in providing credit access to businesses and individuals across the spectrum. The increase in the ₹2 lakh tax rebate on housing loan interest rates under Section 24 of the Income Tax Act, will encourage demand for housing, especially in the affordable and mid-segment categories. Allow strong NBFCs/ HFCs to access public deposits: Large …

RBI's RMBS suggestions to help ease credit challenge: Moody's
5 years, 3 months ago

RBI's RMBS suggestions to help ease credit challenge: Moody's

The Quint  

New Delhi, Sep 23 The Reserve Bank of India Housing Finance Committee's recent recommendations on Indian residential mortgage-backed securities have the potential to alleviate key credit challenges associated with the sector, US rating agency Moody's Investors Service said on Monday. A Moody's report said that, if implemented, the recommendations such as standardising loan servicing processes across home loan lenders, among …

RBI external benchmark for bank loans credit negative: Moody's
5 years, 4 months ago

RBI external benchmark for bank loans credit negative: Moody's

The Quint  

Mumbai, Sep 10 Moody's Investor Service on Tuesday said the RBI's mandate on aligning commercial bank floating loan rates to the external benchmark from next month is credit negative for Indian banks. This will expose banks to asymmetrical movements in the cost of funding and loan yields, thus exposing them to interest rate risks," the US rating agency said in …

Sitharaman's BIG announcement: Home, vehicle loans to become cheaper. Here's how
5 years, 4 months ago

Sitharaman's BIG announcement: Home, vehicle loans to become cheaper. Here's how

India TV News  

Finance Minister Nirmala Sitharaman Friday announced a slew of measures to ensure that loans for home, vehicles and consumption goods become cheaper and widely available through banking and non-banking finance companies. Monthly installment for housing, vehicle loans reduced Addressing a press conference, Finance Minister Nirmala Sitharaman Friday said banks will launch repo rate and external benchmark-linked loan products. Further, the …

Central bank opens liquidity tap to help stressed shadow banks
5 years, 5 months ago

Central bank opens liquidity tap to help stressed shadow banks

Live Mint  

The Reserve Bank of India on Wednesday announced two key measures to help stressed non-banking financial companies raise funds from banks. “Under the revised guidelines on large exposure framework that came into effect from 1 April 2019, a bank’s exposure to a single NBFC is restricted to 15% of its Tier I capital, while for entities in the other sectors, …

Opinion | Need a strategy that goes beyond interest rates
5 years, 5 months ago

Opinion | Need a strategy that goes beyond interest rates

Live Mint  

The factors that are slowing growth are piling up. Simply put, the liquidity problems in India’s non-banking financial companies are not going away any time soon, and gross domestic product growth is slowing due to a long list of domestic and international challenges. “Credit-less” recoveries are generally considered rare around the world given that it’s hard to fund growth without …

Government considering giving more powers to RBI to regulate NBFCs: Sitharaman
5 years, 6 months ago

Government considering giving more powers to RBI to regulate NBFCs: Sitharaman

India TV News  

The government is considering strengthening the Reserve Bank's regulatory and supervisory powers over the non-banking finance companies, Finance Minister Nirmala Sitharaman said in the Lok Sabha on Monday. The central bank, she added, has also informed that with a view to strengthen the NBFCs and maintain the stability of the financial system, it has been taking necessary regulatory and supervisory …

RBI Financial Stability Report: There is good news and bad news, but where is the plan of action?
5 years, 6 months ago

RBI Financial Stability Report: There is good news and bad news, but where is the plan of action?

Firstpost  

The Financial Stability Report is a very important document on the financial sector as it analyses threadbare the overall state of the various segments as well as highlights the risk-related issues that have been identified which can cause potential challenges. The FSR is happy with the state of the banking system as the gross non performing asset ratio is 9.3 …

To solve the liquidity crisis, RBI should make banks lend more to NBFCs
5 years, 6 months ago

To solve the liquidity crisis, RBI should make banks lend more to NBFCs

Hindustan Times  

In the immediate liquidity crisis, good Non-Bank Financial Companies should be able to raise debt capital, but this is not always happening. If the real estate company is itself under financial stress, and does not have the money to complete its project, the assets on the balance sheet of the NBFC start looking bad. Suppose the real estate company needed …

RBI: Despite NBFC crisis, financial system stable, NPAs fall sharply to 9.3% in FY19
5 years, 6 months ago

RBI: Despite NBFC crisis, financial system stable, NPAs fall sharply to 9.3% in FY19

India TV News  

Underlining the sharp turnaround in the NPA cycle after over four years with the dud assets pile going down to 9.3 percent, the Reserve Bank has said despite the recent setbacks, the nation's financial system "remains stable". "The financial system remains stable despite some dislocation of late," the RBI said in the bi-annual Financial Stability Report released on Thursday evening. …

RBI's norms to give more headroom to lenders to resolve big ticket NPAs: Report
5 years, 6 months ago

RBI's norms to give more headroom to lenders to resolve big ticket NPAs: Report

India TV News  

Reserve Bank's new guidelines to deal with bad loans will provide lenders the headroom and flexibility for resolution of large ticket stressed asset cases under the Insolvency and Bankruptcy Code, according to a report. "A better time frame and transition offered in the revised framework on this would allow the lenders the headroom and flexibility for resolution in large ticket …

RBI's norms to give more headroom and flexibility to lenders to resolve big ticket NPAs: Report
5 years, 6 months ago

RBI's norms to give more headroom and flexibility to lenders to resolve big ticket NPAs: Report

Firstpost  

RBI came out with a revised prudential framework for resolution of stressed assets after its February 2018 circular in this regard was struck down by the Supreme Court. New Delhi: Reserve Bank’s new guidelines to deal with bad loans will provide lenders the headroom and flexibility for resolution of large ticket stressed asset cases under the Insolvency and Bankruptcy Code, …

What markets want from RBI? A change in stance, not just a rate cut
5 years, 7 months ago

What markets want from RBI? A change in stance, not just a rate cut

Live Mint  

Mumbai: A worrying slowdown in India's economy makes a cut in the central bank's benchmark interest rate highly likely this week, but analysts say policymakers should also find ways to boost banks' liquidity to ensure they drop their lending rates too. Two-thirds of 66 economists polled by Reuters expect the MPC to wrap up on Thursday by cutting the repo …

RBI to ensure NBFC liquidity issues do not become systemic; to strengthen risk management systems
5 years, 7 months ago

RBI to ensure NBFC liquidity issues do not become systemic; to strengthen risk management systems

Firstpost  

The RBI board has decided to handle liquidity problems in the NBFC sector in a “nuanced” manner by improving liquidity and tightening regulatory norms without sending a “panic” signal to the market Mumbai/New Delhi: The Reserve Bank of India is concerned about liquidity issues facing some Indian non-banking finance companies such as mortgage or auto lenders and wants to ensure …

RBI steps up liquidity management to make rate cuts count
5 years, 8 months ago

RBI steps up liquidity management to make rate cuts count

Live Mint  

Mumbai: The Reserve Bank of India's surprise announcement of new open market purchases of government bonds is a sign the central bank is stepping up efforts to increase the economic impact of its policy decisions, analysts say. If banks don't lower their interest rates, consumers and businesses don't benefit from RBI's moves, and the overall growth impact of rate cuts …

RBI faces trouble getting banks to cut rates
5 years, 9 months ago

RBI faces trouble getting banks to cut rates

Live Mint  

Indian lenders haven’t fully passed on the central bank’s latest interest rate cut to borrowers, pressuring the monetary authority to loosen policy even more to support economic growth. Latest data from the central bank shows the main overnight lending rate offered by commercial banks has been sticky in a range of 8.15 percent to 8.55 percent since the beginning of …

RBI eases norms for bank lending to well-rated NBFCs
5 years, 11 months ago

RBI eases norms for bank lending to well-rated NBFCs

Live Mint  

The RBI today eased norms for maintaining risk weights on bank lending to non-banking finance companies or NBFCs. With a view to facilitating flow of credit to well-rated NBFCs, it has now been decided that rated exposures of banks to all NBFCs, excluding core investment companies, would be risk-weighted as per the ratings assigned by the accredited rating agencies, in …

Banks may see fresh NPAs of up to ₹2 trillion over next one year
5 years, 11 months ago

Banks may see fresh NPAs of up to ₹2 trillion over next one year

Live Mint  

Banks could see an addition of fresh bad loans worth ₹1.5-2 trillion over the next one year, credit rating agency India Ratings said. The India Ratings report also said competition for deposits will intensify in fiscal year 2020 as borrowings for banks remain high despite weak credit growth. Separately, the ratings agency also reported a negative outlook on non-banking finance …

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