 "PSU banks")
Far from losing business to public sector banks (PSBs), which will receive capital from the government, non-bank finance companies (NBFCs) expect to benefit from access to credit on better terms and more opportunities to sell banks infrastructure and priority sector loans.
NBFC executives said banks had become hesitant lenders due to capital constraints and the need to protect assets. With banks back in the credit market, competition would intensify, they added.
Better turnaround time, last-mile agility, and use of data analytics and technology provide NBFCs an edge over PSBs in the retail and SME loan segments.
Dinanath Dubhashi, managing director
