RBI seeks granular data from NBFCs, wants to check lending standards | Personal Finance
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NBFCs have been asked to give the central bank granular data on lending. (Imaging: Ajay Mohanty)
The Reserve Bank of India (RBI) has sought granular data from select non-banking financial companies (NBFCs) on their loan book growth, wanting to know if there is systemic hygiene.
The details sought are on the outstanding portfolio, product-wise, and the annualised interest charged on them. The annualised interest slabs mentioned are: Less than ten per cent, 10-20 per cent, 20-30 per cent, 30-40 per cent, 40-50 per cent, and above 50 per cent.
Business Standard has seen a copy of the central bank communication to NBFCs sent last week.
Senior NBFC officials said that the RBI is
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