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Loans disbursed by NBFCs remain under stress, says CIBIL report

NBFCs have played a key role in consumer credit growth over recent years

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Abhijit Lele Mumbai
Loans disbursed by non-banking financial companies (NBFCs) have remained under stress, with a recent portfolio shift to higher-risk unsecured credit, according to a TransUnion CIBIL Report.

There was a general improvement in delinquency rates till the quarter ended June but it did reveal performance deterioration for smaller value personal loans and automobile loans. Breaking down NBFC delinquencies further by loan size, TransUnion CIBIL’s analysis found an increase in delinquency for NBFC loans smaller than Rs 50,000, which constitute almost 80 per cent of the segment’s personal loan origination.

Topics : NBFCs CIBIL

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First Published: Oct 31 2019 | 1:03 AM IST

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