NBFCs to have 19% of credit market by 2020: Crisil

In 2017, NBFCs increased their share in the total credit market to 16%, from 13% in 2015

Non-banking finance companies in India are expected to see an 18 per cent compounded annual growth rate (CAGR) for the next two and a half years and raise their share in total credit to 19 per cent by 2020, according to rating agency Crisil.
 
In 2017, NBFCs increased their share in the total credit market to 16 per cent, from 13 per cent in 2015. The share of public sector banks (PSBs) reduced to 51 per cent, from 57 per cent in 2015. Crisil says PSBs will see a further shrinking of their share to 47 per