Financial Performance of Non-Banking Financial Institutions in India

Gursharan Singh Kainth ()

The IUP Journal of Financial Economics, 2008, vol. VI, issue 1, pages 56-76

Abstract: A robust banking and financial sector is critical for facilitating higher economic growth. Financial intermediaries like Non-Banking Financial Companies (NBFCs) constitute a significant element of the financial system and have penetrated into those areas where banks did not dare by taking both the operational and regulatory risks. Boom-Mushroom-Doom-Zoom, four words in a sequence tell the entire story of performance of NBFCs during the past one and a half decade. To give industry the much needed boost, service tax should be done away with. Special cells within the courts be set up to dispose cases because justice delayed is justice denied.

Date: 2008
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Persistent link: http://EconPapers.repec.org/RePEc:icf:icfjfe:v:06:y:2008:i:1:p:56-76

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