Everybody in the NBFC space has seen a decrease in cost of funds and the company per se has shifted their mix more towards debentures, said Vellayan Subbiah, Managing Director, Cholamandalam Investment and Finance.
Nitin Mathur of SocGen says the consumer segment is just coming out of a prolonged slowdown. “We were in any case not expecting any V shaped recovery to happen, it is going to be slow and gradual process and we are happy that things are on track for that,†he told CNBC-TV18.