Cost of borrowings for most NBFCs has seen a very minor sequential decline because of the repricing of EBLR borrowings.
(Photographer: Radhakisan Raswe/NDTV Profit)
Large housing finance companies are facing heightened competition, particularly from PSU banks that are offering home loans at significantly lower rates. Given their inability to match these rates without compromising yields, many large HFCs are opting to forego such business.