As on March 31, 2014, the real estate exposure of NBFCs registered with the Bank at around 4.1 per cent of the total assets of the sector is not significant as may be observed from the table below. Further, only few NBFCs are reported to have relatively high exposure to real estate.
It turns out that such creativity and innovation did not stop with the success of central banks in calming a financial crisis that had brought the global economy to a virtual standstill. Subsequently, central banks have assumed the tasks to continue with the next stage of recovering the economy and maintaining its stability. However, the challenges for central banks remain.