Credit sourcing by India’s industry, trade and commerce is undergoing a sea change. This development comes in the backdrop of the country’s GDP growth averaging about 8 per cent in the last 3-4 years.Non-traditional sources of funding are increasingly fuelling this growth. And this was brought out by RBI Governor Sanjay Malhotra in his August bi-monthly monetary policy statement.He noted that while the flow of bank credit during FY25 reduced, the flow from non-bank sources more than made up for this decreas ...