The recent default by DHFL on interest payment to its debenture-holders followed by its rating downgrade by ICRA and CRISIL has raised fresh concerns on liquidity and growth sustainability of NBFCs
Yes Bank and IndusInd Bank that have loan exposure to DHFL tumbled by 6 and 7 percent, respectively on June 6.
Das also pointed out that the central bank has reduced the periodicity of NBFC supervision from 18 months to 12 months and is well aware of the position of top entities operating in the sector.
Copyright © e-Eighteen.com Ltd All rights resderved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited.