Acharya, Viral V.; Khandwala, Hemal; Sabri Öncü, T. - In: Journal of International Money and Finance 39 (2013) C, pp. 207-230
We study the determinants of the growth of those non-deposit taking non-bank financial corporations (NBFCs) which are … regarded by the Reserve Bank of India as being systemically important and have grown substantially in India over the past … decade. We document that bank lending to NBFCs (i) forms a significant proportion of the NBFC liabilities; (ii) fluctuates in …
