A recent report from Nomura warns the current liquidity crisis non-banking financial companies (NBFCs) are facing will lead to them disbursing fewer loans in the near future. Developers dependent on their loans could face trouble. NBFCs may also go slow on giving home loans.
The trend of NBFCs gaining market share over banks is expected to reverse. Price recovery within the housing market could get further delayed. With banks facing non-performing asset (NPA) issues, NBFCs/housing finance companies (HFCs) had become an important source of funding for developers. “The NBFC ...
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