NBFC assets to grow 25-30 pc in FY24 and FY25; unsecured loans need monitoring: Icra
Non-bank lenders are projected to experience robust growth, with a forecast of 25-30% expansion in their Assets Under Management (AUMs) for the financial years FY24 and FY25, according to Icra Ratings, a leading domestic rating agency. The growth estimate specifically pertains to Non-Banking Financial Companies (NBFCs) with AUMs of up to Rs 10,000 crore.
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