NBFCs account for nearly half of small loans while delinquencies stay low

Image for article NBFCs account for nearly half of small loans while delinquencies stay low
News Source : The Times of India

News Summary

  • Their retail delinquency rate remained lower than the overall industry average, reflecting improved asset quality.
  • Monitoring credit positively impacted borrowers' cure rates compared to those who did not monitor.
  • The customer base for NBFCs grew significantly over the last decade, indicating increasing access to credit.
  • The world is witnessing a bond rout.
  • Why should it matter to you?
  • Q2 earnings season: Will it settle or add to confusion in the stock market?
  • How Sebi busted Growpital’s ‘assured’ returns, LLPs and money trail.
Nonbanking finance companies (NBFC) accounted for nearly half of newtocredit loans below Rs 2 lakh by volume, even as their retail delinquency rate remained at 1.1%, below the industrys 1.

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