The funding situation for non-banks (non-banking financial companies and housing finance companies) has been challenging in recent times. Nevertheless, we have seen some changes in market sentiment over the last two weeks or so which has resulted in increase in funding access for non-banks.
Public sector banks (PSBs) will need fresh Tier I capital of Rs 1.2 lakh crore in the next 5 months through March 2019, or Rs 21,000 crore more than what was envisaged under the Rs 2.11 lakh crore1 recapitalisation announced by the government in October 2017, to meet Basel III capital norms.
Capital expenditure (capex) of CRISIL-rated organised brick & mortar (B&M) retailers is expected to increase 60% between fiscals 2019 and 2021 compared with the previous three fiscals, driven by a 300 basis points (bps) increase in revenue growth to 18% expected over the same period.
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