NBFC crisis, NPAs, eKYC key areas of concern of NDA's second term
- Banking and fintech industries are key to the everyday needs of most consumers
- The government, along with RBI, will have to work on providing liquidity to NBFCs
Banks and non-banking financial companies (NBFCs) are intrinsic to our financial lives, not just for day-to-day transactions but also because they help us fulfil various needs through loans. Over the past few years, fintech companies, too, have gained importance in terms of providing smooth financial services through digital channels like apps.
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