NBFC crisis may push up borrowing costs

NBFC crisis may push up borrowing costs
03/05/2019 , by , in News/Views

The latest crisis of non-banking financial companies (NBFCs) could push up borrowing costs for property developers and pose challenges for big real estate developers. The recent downgrade of Reliance Capital has revived liquidity problems for NBFCs, which were recovering from the crisis triggered by the IL&FS defaults last year.

Along with housing finance companies (HFCs), NBFCs account for about 60 per cent of property developers’ loans.

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