NBFCs lose car loan market share on rate war by PSBs

NBFCs have lost market share to PSU banks, which have become more aggressive. According to M Ramaswamy, chief financial officer at Sundaram Finance, banks are flush with liquidity and can bring down rates.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/nbfcs-lose-car-loan-market-share-on-rate-war-by-psbs/articleshow/79256232.cms