Crisil's revision, which is among the lowest after Japanese brokerage Nomura’s 4.7 per cent forecast, comes within days of the official data showing a further slip in the second quarter growth to 4.5 per cent.
In October, the rollover rate of CPs issued by these 50 largest NBFCs was only around 40 per cent of the average monthly issuances between June and August 2018.
