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“Because of the regulatory situation for banks, NBFCs are able to leverage and provide financial products to companies and individuals in a way that is easier and more efficient and sometimes cheaper than banks... But the problem also is that there are a huge number of NBFCs. So it is necessary for them to have a focus or niche to attract investor interest in an IPO.”

Harish H.V.
Partner, Grant Thornton India LLP

This article apeared in Live Mint on 29th September, 2016.