Synopsis
• A shift in the segmental distribution of credit with a tilt towards retail can be observed.
• Asset quality has improved, and SMA numbers have broadly reduced. Public sector NBFCs have reported a lower GNPA ratio compared to their private sector counterparts.
• Large NBFCs (NBFC-UL)1 group recorded higher credit growth (y-o-y) of 18.8% and a better GNPA ratio of 3.7% as of March 2023 than the overall NBFC sector.
• In FY23, NBFCs and HFCs remained the major issuers of listed bonds during the year, while banks and body corporates were their major subscribers.
NBFCs_Retail_Lending_Thrives,_Asset_Quality_Continues_to_Improve
