Non-bank financial companies (NBFCs) will face stress from unsecured loans due to higher interest rates impacting borrowers’ repayment capacities this fiscal year, says rating agency ICRA. Growth in microfinance and other unsecured loans will slow significantly. As a result, NBFC profitability will be affected. Regulatory guidelines will also play a role in moderating credit growth.
Waaree Energies IPO allotment finalised, GMP zooms 106%. Check details
Waaree Energies plans to use IPO funds to establish a 6 GW manufacturing facility in Odisha and support general corporate purposes. As India’s largest solar