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Non-bank growth to fall to 6-8% in FY20; lowest in a decade: Crisil

Funding issues, rising borrowing costs, re-calibration and de-risking of loan portfolios and economic slowdown will weigh on AUM growth

NBFC
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Subrata Panda Mumbai
Non-banking entities in the financial services space are set to grow at the slowest pace in over a decade as the rate of expansion is expected to fall to 6-8 per cent in FY20, from 15 per cent in FY19, said rating agency CRISIL.

Constraints such as funding issues, rising borrowing costs, re-calibration as well as de-risking of loan portfolios and economic slowdown will weigh on the growth in the assets under management (AUM) of non-banks in FY20.

“Non-banks with strong parentage that account for about 70% of the sectoral AUM have been less impacted on the funding front. They are likely
Topics : Crisil

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