 "NBFC, finance, banking")
Under moratorium as a consequence of forbearance provided by the Reserve Bank of India (RBI) due to the pandemic, a sizeable portion of the restructured book of non-banking financial companies (NBFCs) has slipped into non-performing assets (NPA) in the first half (H1) of 2022-23 (FY23). This has resulted in the asset quality of the sector not improving at the pace it was expected to happen.
According to ICRA’s assessment, 24 per cent of the opening standard restructure book of NBFCs as of March this year has slipped into NPAs, while 17 per cent are making repayments.
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