![NBFCs Set For Bigger Play](https://images.assettype.com/fortuneindia%2F2024-07%2F550cd4ee-bfe2-4a22-a287-3fd238f36c77%2FBest%20Bank-NBFC01.jpg?w=300&q=95)
NBFCs Set For Bigger Play
Despite hiccups such as IL&FS crisis and increase in risk weights, non-banking financial companies continue to make their presence felt.
Despite hiccups such as IL&FS crisis and increase in risk weights, non-banking financial companies continue to make their presence felt.
Non-bank micro credit lenders have widened their lead over banks with 39% market share.
Most major deposit-taking HFCs are in compliance with enhanced requirements, including liquid investments, say analysts
Capri expects to generate net fee income of ₹20 cr from insurance cross-sell in FY’25.
As compared to 2018, when 12 banks were under Prompt Corrective Action, today no SCB is under PCA.
Out of the total loans sanctioned under Pradhan Mantri Mudra Yojana, more than 19.22 crore loans worth ₹7.93 lakh crore have been extended to women borrowers.
Mutual Fund exposure to NBFCs declined from ₹2.31 lakh crore to ₹1.77 Lakh crore between February 2018 and August 2023, while banks’ exposure rose to ₹13.83 lakh crore from ₹3.9 lakh crore.
Such concentrated linkages may create a contagion risk, says Shaktikanta Das
Reliance, with its scale and capital, will make it tough for NBFC incumbents and fintech players to grab incremental market share.
India's gross bank credit off-take rose 15% in FY23 to ₹136.8 lakh crore. The growth was led by sectors such as NBFCs, personal loan and services segments.