Thanks for sharing this. PEL has around 20% unsecured book in the retail segment and that may get impacted. However, they may not face issues in retail mortgage loans. Not sure where the wholesale portfolio sits here.
Also being an NBFC they may have to pay higher rates in their debt financing which they have got from banks. However, considering the fact that they have one of the lowest D/E among NBFCs they are better placed in this category
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