NBFC Performance Update - Second Wave Of Infections Nips The Budding Recovery: ICRA
A cashier counts Indian one hundred-rupee banknotes at an Oriental Bank of Commerce branch in New Delhi, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

NBFC Performance Update - Second Wave Of Infections Nips The Budding Recovery: ICRA

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICRA Research Report

Disbursements were impacted in Q1 after a robust recovery since Q3 FY2021.

Expect disbursements to grow by about 6-8% in FY2022 after a YoY decline of about 11-12% in the previous two fiscals

Assets under management growth was impacted in the last fiscal on account of the falling disbursements and higher write-offs, especially in non banking financial companies (non-mortgage) space.

The AUM growth in FY2022 is estimated to be at 7-9% vis-a-vis ~ 4% (estimated) growth in FY2021.

About 30% of the exposure is deemed to be in the risky segments.

Click on the attachment to read the full report:

ICRA-NBFC-Retail & Commercial Finance, HFC Update.pdf

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