NBFC liquidity crisis hits 'loans against property' market in FY19
Updated : May 14, 2019 06:49 AM IST
Other segments, especially commercial vehicle loans which were not doing so good recently, are showing signs of improvement, the report by domestic rating agency India Ratings said.
In the LAP market, which the analysts have been flagging for potential risks recently, poor sentiment in the property market and the liquidity crunch faced by non-banking financial corporations weakened the performance of LAP, it said.
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