Question: why nbfc stocks are down?
Answer: NBFC stocks fall after tepid response to TLTRO 2.0. MUMBAI: Shares of non-banking finance companies fell on Friday after banks bid only half of the offer from the Reserve Bank of India's (RBI) second edition of targeted long-term repo operation. ... “Banks bid only for 50% of RBI's line today to NBFCs & MFIs.