Cost of borrowing for companies, banks and non-banks through commercial papers (CP) and certificates of deposits (CD) has increased 15-25 basis points (bps) over the past month, data from Clearing Corporation of India (CCI) showed. One basis point is 1/100th of a percentage point. The increase in borrowing costs – particularly in the crowded three-month segment of borrowing – comes after the RBI on November 16 announced new regulatory measures for NBFC credit.
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