ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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WOMEN-Haphazard Inputs

In the case of NBFCs, there is some information available from the annual surveys conducted by the RBI. The NBFCs have to report data on two types of deposits accepted by them: regulated deposits that are subjected to certain ceilings and other restrictions and exempted deposits such as funds obtained from the government, security deposits, intercompany borrowings and funds mobilised from directors and shareholders in the case of private limited companies which arc not subject to ceiling regulations. Effective from April 1993, inter-company borrowings and funds received from directors and shareholders also come under regulated deposits. Taking all financial and non-financial companies together, the share of regulated deposits has come down from about 32.4 per cent in March 1981 to 14.6 per cent in March 1992, suggesting that now as much as 85 per cent of non-banking deposits (Rs 43,688 crore out of Rs 51,185 crore) come from sources not subject to any ceiling regulation (these do not include borrowings from banks and financial institutions as per the surveys up to 1992). Regulated deposits of all non- banking companies constituted about 3.6 per cent of the aggregate deposits of scheduled commercial banks in the early 1980s and rose to around 4 per cent in the second half of the 1980s; since then the proportion has come down to 3.2 per cent. If we consider the regulated deposits of only the NBFCs, they were Rs 2,823.5 crore or just 12 per cent of aggregate bank deposits in March 1992. According to the RBI, though 7,556 NBFCs reported deposit-acceptance activities, only about 700 companies were active participants in these activities and almost 97 per cent of the deposits raised by NBFCs were in the names of just about 25 companies. While this may be correct insofar as the reporting companies are concerned, deposit-acceptance activities appear to be much more widespread among both corporate bodies and unincorporated enterprises.

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