Retail-focused non-banking financial companies (NBFCs) would require Rs.3.8-4 trillion of fresh debt capital in FY19 to grow at 20 per cent in the current financial year, says a report. Domestic NBFCs are facing twin challenges in the form of narrowing options and increased borrowing cost for adequate debt raising. Incremental weighted average funding cost for NBFCs is also expected to be about 9.3-9.5 per cent vis-a-vis 8.4-8.5 per cent in FY18.

(Financial Express)