New-age non-banking finance companies (NBFCs) witnessed declining profits in the September quarter. Increased borrowing costs and tighter lending conditions, particularly in the unsecured loan segment, impacted profitability. While some NBFCs maintained flat profits, others reported losses, prompting concerns about a potential shift back to informal financing channels for some borrowers.
from Tech-Economic Times https://ift.tt/3K2guW5
Subscribe to:
Post Comments (Atom)
-
The German cabinet will hold a secret session on Wednesday to discuss safeguard measures regarding the possible participation of China's...
-
iCOPS will deliver a unified management experience across hybrid and multi-cloud operations with a focus on enhancing compliance and securit...
No comments:
Post a Comment