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NBFC biz to return to normal, FY23 loan growth pegged at 14%: India Ratings

These companies are likely to begin FY23 with sufficient capital buffers, stable margins and sizable on-balance sheet provisioning, while adequate system liquidity would aid funding

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Imaging: Ajay Mohanty

Abhijit Lele Mumbai
After facing challenges the past few years, non-banking finance companies (NBFCs) in India would see normalisation of business activities and grow their loan book by 14 per cent Year on Year base in FY23. The NBFC sector is expected to clock loan growth of 7-8 per cent in the current financial year (FY22), according to India Ratings.

NBFCs had to face liquidity challenges following the default by Infrastructure Leasing & Financial Services Ltd in FY19, and were dealt a second blow when the Covid-19 pandemic struck.

These companies are likely to begin FY23 with sufficient capital buffers, stable margins and sizable on-balance
Topics : NBFC loan

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First Published: Feb 25 2022 | 2:38 PM IST

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