Imagine this: you’re at an auction, and the bidding is happening at lightning speed. The price of everything keeps climbing higher and higher. It’s exciting at first, but then you start to wonder, how long can this last before things go out of control? That’s what was happening in India’s unsecured lending sector in 2023. Loans were being given out faster than ever, with little thought to the consequences down the road. It felt like the good times would never end. But just li

NBFCs (Non-Banking Financial Companies) and Real Estate standing out as two key gainers from this interest rate reduction.