Mutual funds cut debt exposure to NBFCs1 min read . Updated: 09 May 2019, 09:10 AM IST
- India’s non-bank lenders are selling stakes or raising funds by disposals or securitizations of more loans
- The funds have cut their exposure to non-bank lenders’ debt to 27% of assets under management as of the end of March from about 34% last September, said analyst
India’s biggest investors in shadow bank debt are getting cold feet, spelling more trouble for the hard-hit sector.
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