Proparco grew credit to NBFCs as it has a counter-cyclical role: Philippe Serres

Proparco SA, the private-sector arm of French development finance institution Agence Française de Développement, has increased credit to Indian lenders this year as part of efforts to inject liquidity into a segment starved for cash.  It made loans worth €180 million ($198 million or Rs 1,405.7 crore at current exchange rate) ......