Loan disbursement by NBFC is expected to be as low as 60 per cent

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MUMBAI: Loan disbursements through non-banking finance companies and housing finance companies are expected to fall by 20-30 per cent in the first quarter of the current financial year. The impact of lockdowns imposed by various states due to the second wave of Corona has also been seen on the credit trade.

However, a healthy recovery in the lending business is expected in the latter part of the current financial year, according to a report by ICRA.

The asset under management (AUM) of this segment is expected to grow by 3 to 4 per cent in 206 as compared to FY 2021. The financial year 2021 saw a four per cent increase in AUM.

Due to pressure on asset quality, non-performing assets (NPAs) are likely to increase by half to one per cent, according to a statement from ICRA. The amount of right off will also be high.

Demand for restructuring will increase in the current financial year due to the lack of loan moratorium and long-term stress in operations. In the financial year 2021, the Reserve Bank provided the facility of loan moratorium.

Restructuring in NBFCs and housing finance companies was 1.50 per cent of the total AUM in the last financial year.

About 70 per cent of NBFC lending is believed to have been in risky sectors such as real estate, personal loans, unsecured small and medium. Auto sector loans are also considered risky due to the impact of Corona. Gross NPAs were lower than expected in the financial year ended March 2011. The number of NPAs remained low due to increase in right off.


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