Lending Rates

The Reserve Bank of India's mandate to link lending rates to an external benchmark have led to immediate spikes in interest rate paid by borrowers, making it by far the most effective transmission tool while the previous marginal cost of…

Borrowing costs for non-banking financial companies (NBFCs) are seen rising 85-105 basis points (bps) this fiscal. However, overall profitability is expected to remain steady cushioned by a reduction in credit costs, Ratings said. “Last…