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Non-banking finance companies ramp up commercial loans, says CRISIL

NBFCs have increased their market share in credit to business from 2 per cent in 2015-16 to 2.8 per cent in 2016-17, said a RBI study


Anup Roy Mumbai
Non-banking finance companies (NBFCs) are quickly filling the space left by banks in corporate credit, and their pace of wholesale loan growth annually could be as high as 21 per cent, in the next two years.

Saddled with bad debts, banks are cutting on lending to the corporate sector but NBFCs are lending aggressively to real estate, infrastructure finance, and structured credit space, said CRISIL Ratings in a report. The three, termed ‘wholesale credit’ is seen “growing at a pacy 21 per cent annually till 2020, or 350-400 basis points (bps) faster than the individual and MSME (micro, small and medium

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First Published: Apr 27 2018 | 1:04 AM IST

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