There's no real reason and hurry for RBI to cut rates: Neeraj Gambhir, Axis Bank
Now with the higher capital charge, the cost of funding from banks will go up and probably to some extent, there will be a volume impact as well. NBFCs were anyway borrowing from the bond market - at least the AAA- and AA-rated NBFCs. The bond market has seen the exit of a large borrower, which has created space for more NBFCs and for investors to diversify their exposure.
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