Banks select NBFCs for disbursement of loans

Mumbai: Banks in India are still hesitant to lend to non-bank financiers more than a year after Infrastructure Leasing and Financial Services Ltd's (IL&FS) defaults, and instead have found ways to circumvent government coaxing to raise lending to shadow banks, two people said, informed of the growth.

While the Center is forcing banks to disburse further loans to non-bank financial firms (NBFCs), banks have begun to lend more ....