The RBI's new supervisory framework is the result of the failure of a few large NBFCs. The NBFC sector poses a big threat to the stability of the financial system as it has strong linkages with banks, debt and equity markets, insurance and the mutual fund industry.
Despite deal making scaling past a three-year-high level during the first nine months of the year at over $90 billion, investment bankers' advisory fees fell to $761.5 million during the period, the lowest in three years, according to a report.