Friday, July 4, 2014

Hibernating NBFCs want govt to end slowdown winter

Deciding not to grow is a tough call that any business is forced to take during any period of its life cycle. Chief executives of non-banking finance companies (NBFCs), particularly those funding commercial vehicles and equipment, did exactly that when the economy came to a grinding halt some time back. And that decision is yet to be revoked, in a telling sign that the core of the economy is still to get out of the woods..............

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