Banks gave loans worth Rs 50000 cr to DHFL which defaulted on its debt repayments. And, DHFL's shares fell drastically after it was downgraded by rating agency. The NBFC sector is caught in a vicious cycle. The RBI has not announced any steps over it. The banks do not want to lend any further, MF investors are stuck. Post announcement of rate cut, big question is - Is RBI waiting for a full-blown financial crisis? Will, it let weaker NBFCs go out of business? Watch the discussion on NBFC crisis.