Manappuram Finance Expects Cost Of Funds To Fall By 50 Basis Points
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Manappuram Finance Expects Cost Of Funds To Fall By 50 Basis Points

The Reserve Bank of India’s move to peg interest rates to an external benchmark is expected to lower borrowing costs of non-banking lenders by 50-60 basis points, according to VP Nandakumar.“Due to...
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