Tag Archives: dreading
Now NBFCs are dreading bankruptcies in the real estate sector
Blinded by falling funding costs, NBFCs raised their exposure to property firms by 46% over 3 years even as banks have been extremely cautious. Just a year ago, India’s third-largest mortgage lender was bragging about how it had shrunk its financing costs by replacing bank loans with market borrowings. Now, Dewan Housing Finance Corp. is confronting the fallout of that Read More