......The new rules by Usha Thorat have put in many onerous capital conditions, the NPL recognition from the current 180 days to 90 days like any bank, whole host of disclosures, not just credit rating, the usual disclosures which banks have to make but also disclosure on credit rating, any penalties by any regulator at any point in time. If an NBFC is over Rs 1,000 crore they must also disclose provision coverage, liquidity ratio, extent of financing of parent company products, off-balance sheet exposures, structured products, that all lot of money. Will NBFCs become weaker or stronger after these rules?.....
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