Local, non-bank lenders lack the huge balance sheets to easily absorb defaults.

Some states lack any laws regulating the mortgage lending activities of non-bank lenders.

It is also channelling money to SMEs through non-bank lenders.

Financial Services Complaints provides help to non-bank lenders, finance companies, insurance firms and their clients.

The terms of reference do not specify non-bank lenders.

All non-bank lenders and financial services have to be part of an independent dispute resolution service.

Whether investors will rush to buy new GICs offered by non-bank lenders remains to be seen.

However, non-bank lenders such as insurers and funds are moving in to fill this funding gap.

But smaller, non-bank lenders are making more loans.

The bid also includes about $400 million in financing from non-bank lenders, the sources said.

But with short-term sentiment turning against non-bank lenders, some analysts question whether the worry could spill over.

This has helped non-bank lenders grab business.

The Consumer Bankers Association said it was fair to apply the same scrutiny to non-bank lenders as to banks.

Analysts say these curbs could push more people to non-bank lenders, many of them the financing arms of developers.

Most Indian companies except banks, non-bank lenders and insurers have been reporting based on the new rules since April 2016.

But there is a danger that if the non-bank lenders overstretch they could also hurt confidence in the real estate market.