Funding costs on the decline, NBFCs step up their game
Average borrowing costs have clearly shrunk in the wide range of 40-80 basis points in the past six to 12 months, according to industry estimates.
Average borrowing costs have clearly shrunk in the wide range of 40-80 basis points in the past six to 12 months, according to industry estimates.
Company MD Rajiv Jain said the housing finance company licence will strengthen its competitive position by giving additional avenues of borrowings.
Most of the LAP loans are taken by proprietors of small and medium enterprises (SMEs) to meet the funding needs for their businesses.