Mumbai: India’s largest lender, State Bank of India (SBI) has not stopped lending to non-banking financial companies (NBFCs), but does so after considering the risk perception of the borrower, said Arijit Basu, managing director, SBI. “SBI is already lending to NBFCs and we continue to do so. Our decisions are taken based on risk perception that we have on a particular entity," said Basu on the sidelines of IMC’s Banking and Finance Conference. Basu added while NBFCs face difficulties, these are not extremely grave. On 6 June, SBI said that it had been closely monitoring its exposures in the NBFC sector for the past 10 months and taking appropriate action.

Source: Mint June 14, 2019 11:48 UTC