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A health check of India's shadow banks show nascent recovery

Glimmers of improvement in the sector come almost 18 months after the first default by the IL&FS Group.

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Dec 13, 2019, 09.17 PM IST

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SFBs need to widen deposit base by Rs 60,000 crore in 2 years: Report

Total deposits of SFBs jumped 130 percent in FY19, leading to an increase in their share of deposits to 59.6 percent of non-equity liabilities in FY19. "SFBs need to ramp up their deposit base quickly to replace grandfathered loans and gradually build granular deposits," India Ratings said. It expects the share of granular deposits to continue to increase over the medium-term.

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