Fintech
NBFCs face funding squeeze as banks prioritise own balance sheets
Major NBFCs including Bajaj Finance and L&T Finance face higher funding costs as banks redirect cheap FCNRB flows to mortgages and large corporates instead of lending to NBFCs. Expect 12% EPS cuts across the sector—fintech lenders should lock in cheaper funding now or explore alternative capital sources.
Source: ET BFSI ↗
🎧 Arjun & Meera on this story — from 4:18 in the 3 October 2026 episode