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NBFCs' share of retail loans at a 10-year high

They account for 36% of all retail loans in FY17, up from 29% in FY11


Krishna Kant  |  Mumbai 

Retail non-banking finance companies (NBFCs) are on a roll. Their share of total retail lending in India reached an all-time high of 36 per cent at the end of March this year and they continue to grow faster than both public and private sector banks (See adjoining chart).

Advances by retail NBFCs were up 17 per cent last fiscal year over the previous year, against 15 per cent growth reported by private sector banks and 2.5 per cent decline in the loan book of public sector banks (PSBs). Retail NBFCs such as Housing Development Finance Corporation (HDFC), LIC Housing, Indiabulls ...

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First Published: Fri, September 08 2017. 01:56 IST