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will allowing NBFC in banking is good for ecnomy

Created by : cmsrinivas , SalesManager-autoloans NBFC  | 03 15 2010 16:27:23 +0000
Industry : BankingFunctional Area : Strategy Execution(Strategy & Execution)
Keywords : n b f c non banking finance company
Activity:  560 views;  last activity : 07 06 2010 20:18:09 +0000

IN INDIA THE PENETRATION OF BANS IS LOWER THAN DEVELOPED  MARKETS SO STILL LOT OF SPACE FOR                                                                                                                                                                 NEW

COMERS AND N B F CS IN BANKING SPACE   IN PARTICULAR RURAL AREA NEED OF MORE BANKS

 
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BY CONVERTING N B F C IN TO BANKS WILL HELP THE ECONOMY Vs THE COMPETION WILL LEAD TO MORE PRODUCT INNVOTATION
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IN INDIA THE PENETRATION OF BANS IS LOWER THAN DEVELOPED  MARKETS SO STILL LOT OF SPACE FOR                                                                                                                                                                 NEW

COMERS AND N B F CS IN BANKING SPACE   IN PARTICULAR RURAL AREA NEED OF MORE BANKS. MANY SEGMENTS STILL UNCOVERD BY BANKING SPACE. LIKE RURAL HOUSING RURAL LOANS AND ETC


By cmsrinivas , SalesManager-autoloans NBFC  03 15 2010 16:27:23 +0000
 
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The Ministry of Finance and the Finance Minister appear directionless.

Every now and then, throu IBA and RBI they are proposing "Mergers and Amalgamation" of existing Banks and now come up with 'such' proposal in the Budget 2010. In the past also they tried to float Local Area Banks (LABs) but abandoned such attempts.

Till recently, RBI banned Sahara NBFC from accepting 'fresh' deposits. RBI ordered, in the past, winding up of so many NBFCs and the process is going on. Now, FM proposes to confer Banking Licences to (some of ) the NBFCs. The budget proposal does not mention why such a proposal is warranted ( ? )

However, some apprehensions remain :-

---  What will be the Capital base of such Banks ?

--- May "black-listed" private Cos. and NBFCs be permitted to open Banks ?

---  May they follow compulsory Priority Sector Lendings ? etc. etc.

---- We have already some Private Banks .. what will the ownership pattern of such Banks ?

 
By ASOKE KUSARI, Domestic Private Banking-Executive/Manager, A large leading PSU Bank - India  03 15 2010 18:01:37 +0000
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Srinivas thanks for initiating a good debate. I my opinion allowing the NBFC will help in having more innovative products. Compared to the banking sector the non-banking are having good products which people are attracted most. So letting them enter the market will benefit us in two ways one the cost of the product will decrease and will have more options for selecting a product.   

:)
By Anita Sawant, M & A Advisor, SBI Caps  | 03 16 2010 11:13:28 +0000
Argue for "BY CONVERTING N B F C IN TO BANKS WILL HELP THE ECONOMY"
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