NBFC unsecured loans grow twice as fast as retail credit
The compound annual growth rate of unsecured loans by NBFCs has reached 32% from FY2017 to FY2024, propelling the share of unsecured retail loans to 14% of overall credit. This surge, driven by microfinance, personal, and SME loans, has significantly improved the market position of NBFCs in the financial sector, leading to increased regulatory oversight.
The compound annual growth rate of unsecured loans by NBFCs has reached 32% from FY2017 to FY2024, propelling the share of unsecured retail loans to 14% of overall credit. This surge, driven by microfinance, personal, and SME loans, has significantly improved the market position of NBFCs in the financial sector, leading to increased regulatory oversight. What's Your Reaction?
