The conversation between human and AI assistant.
What are major challenges that nbfcs are facing?
Hmm, that sounds like a lot to manage. Is there anything that can be done to address these challenges?
One possible solution is for NBFCs to diversify their funding sources. By exploring alternative means of financing, such as raising money through capital markets, they may be able to mitigate some of the liquidity and funding pressures they are facing. Additionally, they may be able to offset some of the compliance costs by exploring partnerships with other fintech players.