{"id":289962,"date":"2024-04-09T18:57:54","date_gmt":"2024-04-09T13:27:54","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=289962"},"modified":"2024-04-09T18:57:54","modified_gmt":"2024-04-09T13:27:54","slug":"nbfc-co-lending-book","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/nbfc-co-lending-book\/","title":{"rendered":"NBFC co lending book"},"content":{"rendered":"<p>Source\u2013 This post on<strong> NBFC co lending <\/strong>is based on the article\u00a0<a href=\"https:\/\/indianexpress.com\/article\/business\/economy\/nbfcs-co-lending-book-set-to-touch-rs-1-lakh-crore-9259042\/\" target=\"_blank\" rel=\"noopener\"><strong>\u201cNBFCs\u2019 co-lending book set to touch Rs 1 lakh crore\u2019\u201d<\/strong><\/a>\u00a0published in\u00a0<strong>\u201cThe Indian express\u201d<\/strong> on 9th April 2024.<\/p>\n<h2>Why in the News?<\/h2>\n<p>The <span style=\"color: #ff0000;\">co-lending book of non-banking finance companies<\/span> (NBFCs) is projected to hit Rs one lakh crore by June 2024 as per CRISIL Ratings.<\/p>\n<h2>About the \u2018Co-Lending Model\u2019<\/h2>\n<p><strong>1. Introduction-<\/strong> The <span style=\"color: #ff0000;\">Reserve Bank of India (RBI) introduced the Co-Lending Model (CLM) in September 2018<\/span> to <span style=\"color: #ff0000;\">encourage joint loans<\/span> by banks and Non-Banking Financial Companies (NBFCs) for priority sectors.<\/p>\n<p><strong>2. Extension of credit to priority sectors-<\/strong> This model promotes collaboration between banks and non-bank financial entities to extend credit to the priority sector, which includes <span style=\"color: #ff0000;\">agriculture, MSMEs, social infrastructure, and economically weaker sections<\/span>.<\/p>\n<p><strong>3. Improve Credit Access-<\/strong> The Co Lending Model aims to <span style=\"color: #ff0000;\">improve credit access to traditionally underserved sectors<\/span>, ensuring more affordable loans.<\/p>\n<h2>About NBFC<\/h2>\n<p>1. NBFC is a company that provides loans, leases, insurance, and other financial services. It is <span style=\"color: #ff0000;\">registered under the Companies Act, 1956.<\/span><\/p>\n<p>2. There are two types of NBFCs based on their liability structure:<\/p>\n<p>a) <strong>Deposit-taking NBFCs (NBFC-D)<\/strong> accept deposits from customers and use that money to provide loans and other financial services.<\/p>\n<p>b) <strong>Non-deposit taking NBFCs (NBFC-ND)<\/strong> don\u2019t accept deposits from customers but raise funds through other means, such as issuing bonds or borrowing from banks.<\/p>\n<p>Read more:<a href=\"https:\/\/forumias.com\/blog\/nbfc\/\" target=\"_blank\" rel=\"noopener\"> NBFC<\/a><\/p>\n<p><strong>UPSC Syllabus: Indian Economy<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source\u2013 This post on NBFC co lending is based on the article\u00a0\u201cNBFCs\u2019 co-lending book set to touch Rs 1 lakh crore\u2019\u201d\u00a0published in\u00a0\u201cThe Indian express\u201d on 9th April 2024. Why in the News? The co-lending book of non-banking finance companies (NBFCs) is projected to hit Rs one lakh crore by June 2024 as per CRISIL Ratings.&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/nbfc-co-lending-book\/\">Continue reading <span class=\"screen-reader-text\">NBFC co lending book<\/span><\/a><\/p>\n","protected":false},"author":10366,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127],"tags":[11872,10500],"class_list":["post-289962","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","tag-9pm-daily-factly","tag-indian-express","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/289962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10366"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=289962"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/289962\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=289962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=289962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=289962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}