Tuesday, December 23, 2008

Business Standard Report

Indian Economy is undergoing a serious liquidity crunch. And i believe, NBFC are the one which are the biggest hit by the situation. Majority of the NBFC (including the MFIs) have stopped new client acquisition. Hopefully External Commercial Borrowing (ECB) will help NBFC to augur well. But still we have to wait to see when this becomes the reality.

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