'RBI's loan prepay fee ban to hit NBFCs more than banks'

RBI's proposal to remove foreclosure charges on loans up to Rs 7.5 crore could significantly impact PNB Housing Finance and Aditya Birla Capital, with 27% and 26% of their assets in floating-rate loans, respectively. Banks like Axis, IndusInd, and Kotak Mahindra may also face higher impacts. This move is expected to increase competition and reduce profitability in retail loans, benefiting better-rated NBFCs.

from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/vSYXApK

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