- Government formally handsover Air India to Tatas; new board to meet today, says Tata Sons Chairman N Chandrasekaran
- Sebi strengthens MF norms; winding up of schemes only after majority unitholders' consent
- Market is factoring 100 bps hike by US Fed in 2022; RBI likely to hike rates by June or August: Ashhish Vaidya of DBS Bank India
- Delhi weekend curfew lifted as COVID cases decline; night curfew will continue: DDMA
- Covid-19: Bharat Biotech's Covaxin, Serum Institute's Covishield vaccines get 'Conditional Market Authorization' approval form D
NBFCs: Growth in FY23, AUM growth till end of FY22, positives and negatives - Key details explained
Interesting developments and outlooks are being seen in NBFCs.
Interesting developments and outlooks are being seen in NBFCs. In this regard, Zee Business' Senior Research Analyst Deepanshu Bhandari spoke to Devanshi Ashar, Research Analyst and Anchor at Zee Business, to understand the NBFCs’ growth in FY23, AUM growth till end of FY22, positives and negatives and more.
Responding to the question by Deepanshu Bhandari, about developments of NBFCs, Devanshi said, “NBFCs were seen in pressure from last 2-3 years and the economical updates of NBFCs’ AUM were not increasing but now various reports are suggesting that in FY23, the growth will increase from 8-10% in AUM across NBFCs.”
The two categories where major growth can be seen are the retail category and the financial category.
Explaining about headwinds and tailwinds, Ashar said, “According to the reports, 6-8% AUM growth will be seen this year i.e., approx. Rs. 27 lakh crore in FY22.”
She added, “There are signs of a sharp improvement in the economy, benefits of retailing and liquidity situation in NBFC are improving.”
For more details: WATCH FULL VIDEO here: -
FY23 में कैसी रहेगी NBFCs में ग्रोथ?
FY22 के अंत तक कितना AUM ग्रोथ?
NBFCs के लिए क्या पॉजिटिव-क्या निगेटिव?
— Zee Business (@ZeeBusiness) December 2, 2021
Devanshi further said, “Home loan, vehicle finance and gold loan are the three categories to be majorly focused on. Banks are now more focused on retails, lending at lower levels and having more liquidity. On the other hand, because of the new rules, GNPAs will increase slightly. But overall, after a long time, 8-10% growth will be seen in NBFCs.”
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.