NBFCs, HFCs may get 1 year extension for restructuring loans
Financially sound non-banking finance companies (NBFCs) and housing finance companies (HFCs) may be next in line to be permitted extension of the date of commencement of commercial operations (DCCO) of project loans for commercial real estate by another one year without downgrading the asset classification.
However, this can have a positive impact on NBFC/HFC stock prices that have been under some pressure off late. IANS photo