The wide differential among NBFCs' funding costs is likely to push the sector to consolidate, especially in the sectors with a thin margin profile and limited product differentiation, it said, adding the strong regulatory support in FY21 ensured adequate liquidity.source https://economictimes.indiatimes.com/industry/banking/finance/asset-growth-at-nbfcs-hfcs-to-see-nine-percent-jump-in-fy22-says-india-ratings-report/articleshow/81328047.cms
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