In India, NBFCs and lenders to the housing sector have become increasingly important in supporting consumer spending as the nation’s formal banking sector is weighed down by bad loans. Nomura Inc estimates that the loan books of NBFCs and housing lenders have grown at a compounded annual rate of 17 per cent in the past two years, compared with 8 per cent for banks.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2TcUTNS
