NBFCs expand working capital loan business as banks retreat5 min read . Updated: 10 May 2016, 02:02 AM IST
Risk-averse banks are declining to offer such loans due to the lack of adequate capital and a rise in bad loans
A handful of non-banking financial companies are stepping in to meet working capital demand from companies at a time when banks, under siege from huge bad loans, are becoming picky in lending to corporates.
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