Non-bank financial companies (NBFCs) will face stress from unsecured loans due to higher interest rates impacting borrowers' repayment capacities this fiscal year, says rating agency ICRA. Growth in microfinance and other unsecured loans will slow significantly. As a result, NBFC profitability will be affected. Regulatory guidelines will also play a role in moderating credit growth.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.