Synopsis:
- A shift in the segmental distribution of credit with a tilt towards retail can be observed.
- Asset quality has improved. Public sector NBFCs have reported a lower GNPA ratio compared to their private sector counterparts.
- Large NBFCs (NBFC-UL)1 registered higher credit growth (y-o-y) of 21.9% and a better GNPA ratio of 3.4% as of September 2023 compared to the overall NBFC sector.
- In H1FY24, NBFCs and HFCs remained the major issuers of listed bonds during the year, while banks and body corporates were their major subscribers.
NBFCs_-_Asset_Focus_on_Retail,_Need_to_Diversify_Liabilities
