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Lending

Liquidity is not the problem. Issues of governance, solvency, and real-estate loans need to be fixed.

System-wide liquidity seems to have sorted itself out, latest data shows. Now the issue is how lenders perceive governance risk in specific NBFCs. Plus, low demand in real estate is holding back shadow lenders.
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shaileshmenon
1 Jul 2019 10 Mins Read 0 comment
The Reserve Bank of India injects or drains out liquidity through its daily liquidity-adjustment facility for banks. Getty Images
The Reserve Bank of India injects or drains out liquidity through its daily liquidity-adjustment facility for banks.
For Sanjay Chaturvedi and Hardika Shah, founders of Shubham Housing Development Finance and Kinara Capital, respectively, the walk for funds has gotten much longer after the IL&FS debt crisis. In their decade-long existence as lenders to low-income earners, Chaturvedi and Shah have not seen such harrowing times for the lending business in India. “We’ve to work a lot more
Shah. For the millennials, she adds, who have not lived in the credit-starved closed economy of the 1980s, access to easy credit is important — and a given. “The new-gen has huge aspirations — much more than what the Gen X had when they were young. Only NBFCs can meet their financial needs.” ( Graphics by Mohammad Arshad)
For Sanjay Chaturvedi and Hardika Shah, founders of Shubham Housing Development Finance and Kinara Capital, respectively, the walk for funds has gotten much longer after the IL&FS debt crisis. In their decade-long existence as lenders to low-income earners, Chaturvedi and Shah have not seen such harrowing times for the lending business in India. “We’ve to work a lot more Shah. For the millennials, she adds, who have not lived in the credit-starved closed economy of the 1980s, access to easy credit is important — and a given. “The new-gen has huge aspirations — much more than what the Gen X had when they were young. Only NBFCs can meet their financial needs.” ( Graphics by Mohammad Arshad)

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