IL&FS liquidity crunch could deeply hurt not only NBFCs, but also broader economy: Moody’s

Since NBFIs primarily depend on markets for borrowing to finance asset growth, the continued liquidity crunch would lead to increased financing costs for NBFCs or even 'difficulty in rolling over their liabilities’, it added.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2yDC1Oq