ICRA revises growth outlook for NBFCs; expects another strong performance in FY24
ICRA has revised upward the growth outlook for the current financial year for the retail loans of Non-Bank Financial Companies (NBFC-Retail) and Housing Finance Companies (HFC-Retail), which account for the bulk of the overall sector. The NBFC-Retail asset under management (AUM), estimated at around ₹14 lakh crore as of March 2023, is expected to grow…
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