NBFCs growth to be stronger due to unsecured loans, says ICRA
ICRA has reconsidered its assessment for non-bank finance companies (NBFCs), forecasting growth in the unsecured retail loans market. The agency anticipates growth of between 18% to 20%, up from its previous estimation of between 12% to 14%, with the rise driven by increased demand for loans such as personal and consumption credits, microfinance loans and small enterprise loans.
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