Finance Ministry fears significant NBFC defaults without liquidity lifeline; says, situation fragile

India's Department of Economic Affairs (DEA) fears significant default from large non-banking finance companies (NBFC) and housing finance companies in the next six weeks if no additional liquidity support is provided to these firms, business news website MoneyControl said on Friday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2AGQ2NK