RBI reports show that NBFCs did better and systemic risk is shifting from banks to MFs

Two reports from the RBI on banking have come out in quick succession, the half yearly Financial Stability Report (FSR) and the annual Report on trend and progress in banking 2017.For a review of a sector whose principal problem is bad loans, they are remarkable for what they do not say, as there is little causal analysis. There is much data and we have to form our own conclusions.There are a few ...