Now with the higher capital charge, the cost of funding from banks will go up and probably to some extent, there will be a volume impact as well. NBFCs were anyway borrowing from the bond market – at least the AAA- and AA-rated NBFCs. The bond market has seen the exit of a large borrower, which has created space for more NBFCs and for investors to diversify their exposure.
Govt seeks House nod for extra ₹51,463 cr spending
The Indian government has sought parliamentary approval for an additional net expenditure of ₹51,463 crore for the current fiscal year, on top of a previous