“As long as the Mumbai Interbank Forward Offer Rate (MIFOR) conditions are favourable, I think it will be conducive for NBFCs to raise dollar funding,” said Anudeep Ganguli, chief treasury officer, Credit Saison India. “Not too many banks have reduced their MCLR, so until that happens, ECB will still be in favour with NBFCs. Even a 50 basis point cut in the MCLR will still make the ECB more favourable.”
Broad-based revival in rural demand improvement in incomes: Nabard Survey
A NABARD survey reveals a significant boost in rural economic momentum, with 80% of households reporting higher consumption over the past year. This rise in
December 11, 2025