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NBFC fragile assets likely to rise to 5-6% by March 2022: Crisil

Asset quality pressures vary across asset classes. While home and gold loans have been relatively less affected, unsecured credit and SME loans faced brunt

NBFC, finance, banking
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Abhijit Lele Mumbai
Non-banking finance companies (NBFCs) may see an uptick in fragile assets covering non-performing loans, slippages due to revision of norms and from restructured book to 5-6 per cent of assets by March 2022, according to Crisil.

Krishnan Sitaraman, Senior Director and Deputy Chief Ratings Officer, Crisil Ratings said NBFCs in India are facing headwinds including asset quality pressures. The fragile assets were about 4-4.5 per cent in March 2021.

The asset quality pressures vary across asset classes. While home and gold loans have been relatively less affected, unsecured credit and SME loans faced brunt.

While there may be apprehensions about rising reported GNPAs,

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First Published: Nov 29 2021 | 3:10 PM IST

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