NBFCs may lose 1% market share to private banks by FY22: CRISIL report

Non-banking financial companies (NBFCs) may lose 1 per cent market share to private banks by the next financial year (FY22) on the back of intense competition in housing and auto loan segments, said rating agency CRISIL. However, their asset growth may turn positive in FY22 after showing a contraction or flat growth in FY21.

The growth, though, will be muted at 5-6 per cent due to asset quality concerns, funding issues and competition from banks.  Some green shoots are visible now and should restore confidence if these sustain over the next few quarters. While gold loans are growing at a