.......Major NBFCs were impacted the most when the Reserve Bank of India tightened liquidity to ease exchange rate volatility in July last year.Large banks have a fair chunk of retail deposits, so they were not affected to the same extent. In certain segments like housing finance, NBFCs could not pass on the higher cost of funds due to competitive pricing by banks. This resulted in lower net interest margins for them in the past one year. However, with lower wholesale rates the NBFCs are expected to improve their margins in the next few quarters...........
Read - ET
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