💨 Abstract

Non-banking Financial Companies (NBFCs) in India are turning to alternative funding sources like non-convertible debentures, commercial papers, foreign currency borrowings, and securitisation due to tighter bank lending after risk weights were increased last year. According to Crisil Ratings, the share of bank loans in NBFCs' borrowings declined 60 basis points to 47% in Q2.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖