RBI highlights NBFCs' high dependence on banks, calls for diversified funding

Mumbai (Maharashtra) [India], December 27 (ANI): The Reserve Bank of India (RBI) has highlighted the need for Non-Banking Financial Companies (NBFCs) to diversify their sources of funding as a key risk mitigation strategy.

In its latest report, the RBI noted that while the dependency of NBFCs on banks has moderated slightly, it remains significantly high.

It said "The dependence of NBFCs on banks remain high, notwithstand