After IL&FS fiasco, there is 'imminent crisis' in NBFC sector: Corp Affairs Secy
- Injeti Srinivas said the NBFC sector is facing issues of credit squeeze, over-leveraging and misadventures by some large entities
- Srinivas added that "responsible" companies are managing the risk well
New Delhi: There is an 'imminent crisis' in the non-banking financial companies (NBFCs) sector as misadventures by some large entities and credit squeeze present a perfect recipe for disaster, a senior government official has said.
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