Experts are looking forward to how the new FM will revive the economy from the slowdown
Regardless of the recent panic, NBFCs are here to stay and play an important role in economic growth and financial inclusion
According to the Bloomberg Data, earlier this year in August, liquidity in the banking sector was INR 20,200 crore, which by the end the October, tumbled down to 1.16 trillion.
"Savings are essentially liquid so the users can withdraw money at any point of time"
This expert says, as per latest data, banks have been growing at 8.4 per cent whereas NBFCs at 15.1 per cent in the lending segment