Long haul for NBFCs as funding environment to remain volatile in FY21

Thus, NBFCs have increased their focus on collections and have tightened underwriting standards

Topics
NBFCs | Long term financing

Business Standard 

The funding environment for non-banking financial companies (NBFCs) has improved from what it was in April and May 2020. However, mutual funds are still exercising caution in funding them.

State-run banks have lent money to NBFCs under the Targeted Long-Term Repo Operations and Partial Credit Guarantee schemes (18-month money). India Ratings (Ind-Ra) said that the funding environment would remain volatile during FY21, and further disruption in the operating environment could make access to funds challenging for low-rated NBFCs. It added that it would be a long ...

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First Published: Mon, October 12 2020. 06:08 IST
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