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NBFC’s to Consume 19% of Loan Market by FY20, Says Report
November 27, 2017
The market share of Non-Banking Financial Companies (NBFCs) in the loan segment will grow to 19% by the financial year 2020 from the 16% of the previous financial year, a recent report by the global ratings and analytics firm Crisil says.
According to the report, the 3% growth will be on the account of 18% overall growth in the loan books of the NBFCs over a period of three years.
It also said that NBFCs will be able to grow their market share even as the private sector banks are playing aggressively in the retail segment.
