<ul data-eligibleForWebStory="false"><li>Finance Minister Nirmala Sitharaman urged NBFCs to strive for at least 50% of the total loan volume disbursed by scheduled commercial banks in India and deepen partnerships with banks and fintechs.</li><li>She emphasized stronger collaboration between NBFCs, public sector banks, and fintechs, encouraging PSU banks to proactively engage with NBFCs for co-lending opportunities and enhance priority sector lending.</li><li>Sitharaman highlighted the importance of technology adoption, calling for 100% digital processes across the loan life cycle and the development of common technology standards for all registered NBFCs.</li><li>The minister also mentioned regulatory measures by the RBI to improve credit outlook, urged NBFCs to pass on benefits of lower funding costs to borrowers, and advised non-bank lenders to balance growth with governance and risk management.</li></ul>

Strive For Half Of Bank-Credit Volume: Sitharaman To NBFCs

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