NBFCs rush to bond market to raise fund to meet festive demand

Quick Summary:

Year-on-year growth of bank loans to NBFCs slowed down to 12.7 per cent at the end of July compared to 19.9 per cent in the previous year.

High-credit NBFCs, particularly those rated AAA and AA+, are increasingly tapping the market for long-term funds, with more than 80 per cent of the total fundraising since April coming from NBFCs,” he added.

National Bank for Financing Infrastructure & Development issued bonds worth Rs 3,911 crore over the month of August.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Aptus Value Housing Finance Bond markets Markets NBFCs Non-banking financial companies

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 20:25:20 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 675 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22568473

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