NBFC draft norms tough on industry: Hemant Kanoria
The draft norms for the NBFC sector released by the RBI will be tough on the industry, says Hemant Kanoria of SREI Infra. He adds that some guidelines are still not practical, including the increase in standard asset provisioning. He also feels that the increase in Tier 1 capital adequacy ratios will be a huge weight on the industry.
