India Financials 1Q NBFC wrap： Growth slowed， asset quality deteriorated
2024-08-12 02:50
ab 12 August 2024 Global Research and Evidence Lab India Financials 1Q NBFC wrap: Growth slowed, asset quality deteriorated Overall credit cost increased by 35bp QoQ to 1% of AUM Our analysis of 1Q results of 17 NBFCs (Rs25trn in AUM) that have reported so far indicates deceleration in loan and disbursement growth, sharp increase in credit cost and stable cost of funds. Aggregate AUM growth slowed to 17% YoY vs 19% in 4Q – most pronounced in unsecured segments such as Microfinance (MFI) - 24% YoY vs 29% in ...