It was written by T. Damodaran and was directed by I. V. Sasi.. It may be said that the traditional NBFC may be affected by such crisis but not those NBFCs targeting under-banked population and undertaking the activities like loaning for used commercial vehicles, small and medium business loans (SME) and Micro-finance companies etc. A credit crunch refers to a decline in lending activity by financial institutions brought on by a sudden shortage of funds. Liquidity crunch leads to lending crisis Amount lent by NBFCs to urban areas nosedives significantly since last October . Vasu and Chacko are working as drivers and low ranking workers for the Abkari contractor Sreekandan. Learn more. Google's free service instantly translates words, phrases, and web pages between English and over 100 other languages. The interesting fallout of a liquidity crunch is that the RBI intervened regularly in the market through LAF as well as OMOs. crunch definition: 1. to crush hard food loudly between the teeth, or to make a sound as if something is being crushed…. CRISIS meaning in kannada, CRISIS pictures, CRISIS pronunciation, CRISIS translation,CRISIS definition are included in the result of CRISIS meaning in kannada at, a free online English kannada Picture dictionary. Abkari is a 1988 Malayalam movie starring Mammootty and Ratheesh in the title roles. By Pooja Sarkar, Forbes India Staff. First, financial savings kept going down and second, due to low interest rates, households migrated to the capital markets with mutual funds being the beneficiary. Speed: The rate at which the gamma of an option or warrant will change in relation to underlying price in the underlying market. Plot. These types of NBFCs do very well and do not have any liquidity crunch as such. As the government borrowing programme was large (central and states), the problem was exacerbated.