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The Times of India
The Times of India
Business
PTI

NBFCs to see Rs 18 lakh crore loans getting repriced in FY23: Crisil

NBFCs NBFC CRISIL Ratings MSME Mumbai

MUMBAI: Non-banking financial companies are likely to witness close to Rs 18 lakh crore of their outstanding debt getting repriced at higher levels in FY23 amid the rising interest rate scenario, Crisil Ratings said in a report on Tuesday.

The agency expects borrowing cost of NBFCs (Non-Banking Financial Companies) to go up by 85-105 basis points (bps) in this fiscal owing to recent hikes in repo rate by 90 basis points in two tranches and an expected rise of another 75 bps in the remaining fiscal.

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