According to the latest report by ICRA (Information and credit rating agency), assets under management (AUM) growth of NBFCs has been revised to 5-7 % for the fiscal year 2022 from the projected 8-10%, As The first half growth for FY2022 for NBFCs has been less than 1%.<\/p>\n\n\n\n
ICRA has alerted that the growth for the 4th quarter would be low because of the frequent disruptions which are caused by the third wave of the pandemic.<\/p>\n\n\n\n
“Apart from the various regulatory changes over the last 3-4 months (other key regulations include – scale-based regulations, prompt corrective action framework for NBFCs, etc) and a muted H1FY2022, we note that some of the key segments of the retail-NBFCs, especially vehicle finance, are faced with supply-side constraints, which could pull-down growth vis a vis our expectation, even if the demand remains less impacted by the new wave of infections.” said AM Karthik, VP, ICRA. He believes that the AUM will revive back to 8-10% in FY23.<\/p>\n","protected":false},"excerpt":{"rendered":"
According to the latest report by ICRA (Information and credit rating agency), assets under management (AUM) growth of NBFCs has been revised to 5-7 % for the fiscal year 2022 from the projected 8-10%, As The first half growth for FY2022 for NBFCs has been less than 1%. ICRA has alerted that the growth for […]<\/p>\n","protected":false},"author":4,"featured_media":55130,"parent":15144,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"download-newsletter.php","meta":[],"acf":[],"yoast_head":"\n