With banks witnessing a multi-year high credit demand and chasing deposits, the lending cost for non-bank lenders with 3-5 year corporate bonds yields have risen 120-160 basis points since March.
source https://economictimes.indiatimes.com/industry/banking/finance/nbfcs-stare-at-a-liquidity-squeeze-amid-debt-fund-outflow-low-bank-funds/articleshow/94518396.cms
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