As NBFCs pull plug on credit, builders stare at cash crunch, defaults2 min read . Updated: 18 Oct 2018, 11:20 AM IST
Serial defaults at IL&FS made it hard for NBFCs to raise money, forcing them to avoid fresh lending.
Bengaluru: Non-banking financial companies (NBFCs), which kept credit flowing for real estate developers, have finally turned off the spigots, sparking concerns of defaults and delays.
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