Business Daily from THE HINDU group of publications
Monday, Dec 11, 2006
ePaper
Business Daily from THE HINDU group of publications Monday, Dec 11, 2006 ePaper |
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Opinion
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Letters Unshackling NBFCs
This is with reference "No logic to shackling NBFCs" (Business Line, December 4). It is imperative that the role of non-banking finance companies (NBFCs) in India is enlarged to allow them to function on a level playing field. As has been pointed out in the article, the large NBFCs are lending against income/employment generating assets that are priority sector in nature. And they contribute to economic growth. NBFCs should, therefore, be encouraged and not shackled unnecessarily. R.Venkatesan Chennai Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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