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'Raising long-term finance to be tough for NBFCs'


According to SBI MD Arijit Basu, NBFCs had stepped in to lend to small and medium enterprises when banks were not lending. Speaking at Ficci-IBA summit, Basu said, “When the going was good, they were raising funds not just from banks but through the markets by issuing short-term commercial papers.” He said that this dried up because investors turned risk-averse.

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