Retail & HR
NBFCs Retail Lending Thrives, Asset Quality Continues to Improve
Published on
Author: DISHA PRAFUL SUKHANI
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