NBFCs lending grew 2% in quarter 4 powered by rural
Tuesday, 6 June 2023
Lending by non-banking finance companies is losing momentum in the fourth quarter of FY23, with overall sanctions growing only 2% year on year. Also, loans in the rural areas have been holding up NBFC lending, with both semi-urban and urban sectors showing lower growth in the fourth quarter.
Lending by non-banking finance companies is losing momentum in the fourth quarter of FY23, with overall sanctions growing only 2% year on year. Also, loans in the rural areas have been holding up NBFC lending, with both semi-urban and urban sectors showing lower growth in the fourth quarter.
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