New Delhi, April 16 -- The share of bank loans in the overall borrowings of non-banking financial companies (NBFCs) is expected to rise to 44 45 per cent in the current fiscal, up from around 43 per cent in the second half of FY26, according to a report by Crisil Ratings.
The shift is driven by relatively lower bank lending rates compared to other funding sources such as corporate bonds and external borrowings.
Cost Dynamics Favour Bank Credit
Bank lending rates declined steadily through the last fiscal, while bond yields, after softening in the first half, moved higher in the second half and remain elevated.
Malvika Bhotika, Director, Crisil Ratings, said, With government security (G-sec) and corporate bond yields expected to remai...