.........A committee chaired by former Reserve Bank Deputy Governor Usha Thorat had recently recommended for increasing the minimum capital requirements to 15 percent from the present 12 per cent for non-banking finance companies (NBFCs). In defence of the move not to increase the capital requirements, Verma said HFCs, which include players like HDFC, LIC Housing Finance, Dewan Housing, have a clearly defined business model which has low risks, as compared to NBFCs. "In NBFCs, the portfolios can be widely varying and there can be very quick changes or dynamics in their balance sheets. That is not something which can happen to HFCs,".......................
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