Finance No end of tunnel for HFCs, FY20 looks as difficult as FY19, says report Updated : March 24, 2019 02:59 PM IST HFCs are expected to report a 13-15 percent credit growth in FY19, which will inch up to 14-16 percent in next fiscal year. It can be noted that the events following the defaults started by infra lender IL&FS in August last year have resulted in a liquidity crisis for the NBFCs segment. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.