Business Today

The Rise - And The Eventual Crisis

NBFCs showed spectacular growth after 2014 but at the cost of huge risk-taking.
Team BT   New Delhi     Print Edition: June 2, 2019
The Rise - And The Eventual Crisis
The impact of the recent IL&FS crisis, triggered by bond defaults by the shadow bank, is being felt across the financial sector.

The end result is that capital raising has become difficult, NPAs are rising, revenue growth has slowed and their share prices are tanking like never before. NPAs shot up and share prices fell sharply between August 10, 2018, and May 10 this year.

Graphic by Amit Sharma

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