Non-Banking Financial Companies (NBFC) tracker

The NBFC sector in India has shown remarkable resilience in recovering from the challenges posed by the pandemic. The economic slowdown and disruptions caused by the pandemic had a significant impact on the credit and asset quality of the sector, but recent data suggests that the collection efficiency of NBFCs has remained healthy. Collection efficiency has ranged from 97% to 105% during the first nine months of FY23, which is a positive sign. This trend is attributed to improved economic activity and a favourable operating environment, as well as non-banks returning to normal operations after two years of pandemic-induced disruptions.

In recent years, the microfinance portfolio of NBFCs has been growing steadily, with a positive trend in loan disbursals and collection efficiencies. Leading to greater financial inclusion in the country by providing access to credit for low-income individuals and businesses. In Q3 FY23, NBFC-MFIs disbursed INR 33,786 crores, representing a growth of 47% compared to the same period last year. Microfinance loan disbursals increased by almost 19% to INR 77,877 crores, and nearly 189 lakh loans were disbursed, compared to 165 lakh in Q3 FY22. This growth in loan disbursals is a positive indicator for the NBFC sector.

With opportunities arising in this sector and bold challenges to overcome we hereby provide a sectoral review of the NBFC sector in India. Click the link below to read the document and do let us know your feedback on the same!

Documents

NBFC tracker- April 2023

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NBFC Tracker

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Non-Banking Financial Companies (NBFC) tracker

Documents

NBFC tracker- April 2023

NBFC Tracker

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