Non-Banking Financial Companies (NBFC) tracker

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!