As per the agency, banks exposure to non-bank finance companies have risen to less that 6% of overall loans in FY15 to nearly 10% in FY20. At the end of September quarter state-run banks alone contributed more than 64% of overall Bank-NBFC funding.source https://economictimes.indiatimes.com/industry/banking/finance/banking/india-ratings-flags-systemic-risk-issues-on-banking-exposure-to-nbfcs/articleshow/81329647.cms
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