NBFC bad loans rising | The Financial Express

NBFC bad loans rising

Sector-wise, industries account for 41% of the total lending followed by retail and services.

NBFC bad loans rising
The services sector, led by transport operators, trade and commercial real estate, has shown consistent improvement in credit growth.

The profitability of non-banking financial companies (NBFCs) has improved because of robust growth in fund- and fee-based income. However, their non-performing assets (NPAs) have risen in Q3FY22 after falling in Q2FY22 due to the impact of the revised income recognition, asset classification and provisioning norms.

Also read: Microfinance disbursements jump over 100% in Q1 from year-ago period: Report

Sector-wise, industries account for 41% of the total lending followed by retail and services.

The services sector, led by transport operators, trade and commercial real estate, has shown consistent improvement in credit growth.

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First published on: 24-08-2022 at 04:45 IST