Finance
Mr. BillionhairRBI Warns: NBFCs Getting Too Close to Foreign Cash!
Listen up, folks! The RBI is ringing the alarm bells! Our NBFCs are getting way too friendly with foreign cash—big mistake! Sure, they hedge, but the rupee? It’s a total wild card! Interest rates are low, but stress is creeping in! Credit’s growing, but we need to stay sharp! Keep your eyes peeled on that credit quality—don’t get too comfy! It’s all about being vigilant, folks, very vigilant!
few days ago | Anupreksha Jain
Quick rundown
1.RBI warns NBFCs about exchange rate risks due to external funding.
2.86% of foreign currency borrowings by NBFCs are hedged.
3.NBFCs' reliance on bank borrowings has decreased significantly.
4.Retail credit remains the main growth driver for NBFCs.
5.Credit costs for NBFCs have declined, improving profitability.
