NBFC Growth Must Prioritize Procedure, Official Says

The government wants NBFCs, which are like banks but not quite, to grow carefully.

A government official said lending needs to be responsible, not just about making money.

This means following the rules and working well with banks.

However, it's tough for the smaller NBFCs to keep up with all the new rules.

Experts also warned about risks like interest rates and gold loans.

NBFCs get money from banks, but it's getting a little harder for them, so some may start using bonds or overseas markets.