NBFC SECTOR: GROWTH OUTLOOK AND CHALLENGES
- Credit Rating Agency in India
- Industry Report
- NBFC SECTOR: GROWTH OUTLOOK AND CHALLENGES
The Non-Banking Financial Companies (NBFCs) sector in India plays a crucial role in the financial ecosystem of the country. Over the past decade, NBFCs have significantly increased their share in the credit portfolio, growing from one-sixth of the total bank credit in 2013 to more than one-fourth now. This steady growth reflects the sector's ability to reach underserved sectors, particularly small businesses, and households, offering customer-friendly credit solutions.