Federal Bank to avoid lending to lower-rated NBFCs, says Shyam Srinivasan
Mumbai, May 16 -- Kerala-based private sector lender, Federal Bank is now more cautious than ever on lending to the non-banking financial companies (NBFCs). Following the defaults and liquidity crunch in the sector, the bank has decided not to renew credit lines to low-rated NBFCs, managing director and chief executive officer Shyam Srinivasan said in an interview....
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