Funding by mutual funds to NBFCs up 47 pc at ₹2.33 lakh crore in Oct
The Statesman|December 06, 2024
The mutual fund (MF) debt exposure to non-banking financial companies (NBFCs), which includes commercial papers (CPs) and corporate debt, has remained above the Rs 2 lakh crore level for more than half a year, reaching Rs 2.33 lakh crore in October.
Funding by mutual funds to NBFCs up 47 pc at ₹2.33 lakh crore in Oct

A CareEdge Ratings report said this marks an increase of 47.1 per cent (year-on-year), along with a marginal sequential rise of 0.3 per cent.

Moreover, CPs have remained above the one lakh crore mark for almost a year, currently amounting to Rs 1.22 lakh crore.

The credit exposure of banks to NBFCs stood at Rs 15.4 lakh crore in October 2024, indicating a 6.4 per cent growth. On a month-on-month basis, the amount rose by 0.5 per cent.

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