RBI Rate Cut Boosts India's NBFCs, Shares Surge

  Published 1 year ago

India's Bajaj Finance and NBFCs surge post-RBI rate cut, with shares hitting record highs amid lower funding costs and a profitable growth outlook.

  • Bajaj Finance hits record high, NBFC peers rise as Nifty finance index gains 0.9% on RBI rate cut.
  • RBI cuts key rate by 50 bps and CRR by 100 bps, reducing NBFC funding costs and boosting profitability.
  • Bajaj up 43%, Cholamandalam 39%, Shriram 22% year to date amid improved sector sentiment.

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