Non-Banking Financial Companies Role in India's Development

Chapter 1: Status and Role of NBFCs.- Chapter 2: Growth and Development of NBFCs.- Chapter 3: Regulatory Developments and Prudential Norms.- Chapter 4: Acceptability of NBFCs to the Public.- Chapter 5: Demand for NBFCs' Credit.- Chapter 6: Risk Management in NBFCs.- Chapter 7: Financial Inclusion and NBFCs.- Chapter 8: Banks and NBFCs in India: A Comparative Analysis.- Chapter 9: Non-Banking Financial Intermediaries: International Experiences.- Chapter 10: Conclusions and Recommendations.

R. Kannan is an Honorary Professor of Madras School of Economics.  He retired as Principal Advisor at the Reserve Bank of India after 30 years of service.  While at the RBI, he was deputed to the IMF as an advisor (1996-2001) and was also an advisor to the Governor of the Bank of Mauritius (1994-96). He was member of the Insurance Regulatory and Development Authority, and was closely involved in writing the BASEL III regulations of selected Asian economies. He has published about 50 papers in various journals encompassing monetary policy, fiscal policy, balance of payments, exchange rate, pensions, economic capital for the life insurance industry, and early warning systems for the life insurance industry. He is currently teaching at the MSE on risk measurement and management, central banking, financial regulations and banking supervision.  

K.R. Shanmugam is a Professor and the Director of Madras School of Economics, specialising in applied economics, public finance, finance and banking. He is also a non-official independent director of ITI limited, a member of the Steering Committee on Research in Environment at the MoEFCC, and member of the Academic Council of the Central University of Tamil Nadu. He has published about 40 research articles in various journals and edited volumes, and has edited five books.   



Saumitra Bhaduri received his Master's degree in Econometrics from Calcutta University, Kolkata, India, and his PhD in Financial Economics from Indira Gandhi Institute of Development Research (IGIDR), Mumbai, India. He currently works as a Professor at Madras School of Economics, Chennai, India, where he regularly offers courses on financial economics and econometrics, and on advanced quantitative techniques. He previously worked at GE Capital, the financial services division of the General Electric Company, and has held various quantitative analysis positions in the company's finance services.