Get latest articles and stories on Business at LatestLY. The report underscores leasing as a pivotal mechanism for fostering growth across both private and public sectors, with implications for financial inclusion, particularly among micro, small, and medium enterprises (MSMEs). Business News | Amidst Technology Revolution, India's Leasing Sector to Play a Pivotal Role for MSMEs: FICCI- PwC Report.
The company has the flexibility to price the loan 120 basis points above the one-month, three-month or six-month Secured Overnight Financing Rate (SOFR), in line with the market movement. The loan is part of the company s regular borrowing programme. One basis point is 0.01 percentage point.
CEO Rajiv Sabharwal stated that the funds were raised as part of the company's $750-million external commercial borrowing (ECB) scheme, in accordance with Reserve Bank of India requirements.
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