MF News RBI's risk weighting hike: Mutual fund funding to NBFCs continues to grow

RBI's risk weighting hike: Mutual fund funding to NBFCs continues to grow

Source: Business Standard Jul 12, 2024

The funding support from asset management companies to non-banking financial companies (NBFCs) has grown over the six months ending May 2024, following the Reserve Bank of India’s (RBI’s) hike in risk weights on bank loans to NBFCs in November 2023.

According to CareEdge Ratings data, total debt funds deployed in NBFCs via commercial paper and corporate debt rose from Rs 1.6 trillion at the end of October 2023 to about Rs 2.1 trillion by the end of May 2024.

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