Retail, NBFCs drive credit offtake in FY23
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.
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NBFCs' AUM to grow 13-14% next fiscal: CRISIL
Housing finance companies could keep losing market share to banks amid intense competition on interest rates, says CRISIL.
Small NBFCs could witness sharp increase in funding costs: Ind-Ra
A large quantum of borrowings to be raised by large NBFCs would lead to a further increase in the banks' exposure to the sector.
RBI crackdown on lending apps: 5 NBFC licences cancelled
The RBI says these companies flouted the extant rules on the charging of excessive interest and resorted to "undue harassment" of customers for loan-recovery purposes.
