NBFCs tap alternatives to grow as loans from banks slow: Crisil Ratings

Non-banking financial companies (NBFCs) are looking to fund their growth using methods beyond traditional bank loans. Crisil Ratings highlights that NBFCs are turning to non-convertible debentures, commercial papers, foreign currency borrowings, and securitisation. This shift is due to increased risk weights on bank lending. Diversifying funding is crucial for NBFCs to manage costs and sustain growth.