NBFCs - Q1 Performance Impacted By Spike In Overdues; Trends Expected To Improve In Subsequent Quarters: ICRA
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ICRA Research Report
After the uptick seen in Q3 FY21 and Q4 FY21, disbursements plunged again in Q1 FY22, as expected, though the decline was lower compared to Q1 FY21.
While pent-up demand supported July 2021 disbursements for many players, the sustainability of the same remains to be seen.
The low base on the back of two consecutive years of YoY contraction in disbursements would lead to growth in the current fiscal.
Subdued disbursements and portfolio rundown in the absence of any moratorium like in Q1 FY21 led to shrinkage in the assets under management for the non-banking financial company segment in Q1 FY22, somewhat higher than what was witnessed last year, while housing finance company AUM remained flat.
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