Toh bhaiyon aur behno, RBI ne NBFC sector ke liye ekdum zabardast update nikala hai. Unka goal hai ki operational cheezein smooth hon, par stability bhi bani rahe.
Jo NBFCs ka total business ₹1,000 crore se kam hai, jo public se direct paisa nahi uthate aur jinka koi customer interface nahi hai, unko ab RBI se registration karne ka tension khatam. Ye rule unke liye ek bada relief hai.
Aur sirf itna hi nahi, ab zyada branches kholne ke liye jo pehle approval ka process tha, use bhi flexi bana diya gaya hai. Matlab ab NBFCs apni reach badha sakte hain.
Governor Sanjay Malhotra ne kaha hai ki ye sab measures sector ko mazboot banane aur financial stability maintain karne ke liye hain. Aur haan, RBI ne repo rate ko 5.25% par stable rakha hai. Central bank liquidity bhi manage kar raha hai taki market mein koi gadbad na ho.
Ye NBFC sector India mein kaafi important hai, 2023 tak USD326 billion ka ho gaya tha. Loan growth pehle (18% FY24 mein) bahut tez tha, ab thoda 6.6% ho gaya hai (March-September 2024), lekin future mein 15-17% grow karne ka target hai.
Agar valuations ki baat karein toh companies like Bajaj Finance ka P/E 33.32x hai, HDFC Bank ka 20.16x, Shriram Finance ka 20.39x, aur Muthoot Finance ka 19.26x. Poore financial sector ka average P/E lagbhag 27.5x chal raha hai.
Macroeconomy ki baat karein toh GDP 7.4% grow karne ka estimate hai FY26 mein. Analysts bhi RBI ke iss move ko positive maan rahe hain, unka kehna hai ki ye decision-making ko aasan banata hai. Bade NBFCs toh manage kar lenge, par chhoton ko thoda fund aane mein dikkat ho sakti hai.
Toh overall, RBI NBFCs ko thoda space de raha hai grow karne ke liye, par nazar rakhega stability par. Dekhte hain ye changes kaise kaam karte hain!