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IL&FS, Essel, and Others - Why NBFCs were failing in 2018-19
NBFCs borrow money from banks and the public to give out loans. They make money by keeping the difference between the interest rate they receive from their customers and the interest rate they pay to their lenders. But something went awry in this arrangement in 2018-19.
Zerodha Varsity on Social Media:
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Disclaimer: The stocks or financial instruments discussed in this podcast are meant for educational purposes only. Please do not consider them recommendations or financial advice of any form.
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By Zerodha VarsityNBFCs borrow money from banks and the public to give out loans. They make money by keeping the difference between the interest rate they receive from their customers and the interest rate they pay to their lenders. But something went awry in this arrangement in 2018-19.
Zerodha Varsity on Social Media:
Instagram: https://www.instagram.com/zerodhavarsity/
X: https://x.com/ZerodhaVarsity
YouTube: https://www.youtube.com/@varsitybyzerodha
Disclaimer: The stocks or financial instruments discussed in this podcast are meant for educational purposes only. Please do not consider them recommendations or financial advice of any form.