- The report has stated that bank credit to NBFCs grew double-digit in FY22 with outstanding bank credit rising by 10.4 percent to Rs 10.5 lakh crore.
- According to an analysis by Care Ratings, bank credit to non-banking financial companies (NBFCs) expanded by Rs 99,000 crore in FY22, from FY21.
- The percentage share of funds deployed by mutual funds in commercial papers of NBFCs in FY22 stood at 4.4% of debt assets under management (AUMs), compared to 3.6% in FY21.
- Apart from that banks' credit exposure to NBFCs fluctuated around Rs 9 lakh crore for FY22 and crossed Rs 10 lakh crore threshold in December 2021.
- In addition to it, NBFCs issued more CPs to fund IPOs as they shifted from long-term to short-term.
- There has been increasing in investments of mutual funds' debt exposure through commercial papers and corporate bonds, to NBFCs rose 14.3% to Rs 1.7 lakh crore in FY22.
Question:
Q.1 According to the report, bank credit to NBFCs has been increased to _________ crore in FY22?a. 80,000 crore
b. 99,000 crore
c. 50,000 crore
d. 85,000 crore
