Non-bank lenders to see 13-14% AUM growth in FY24, says Crisil Ratings
- Competition from banks will remain intense and the rising interest rate environment will exert pressure on margins and limit competitive ability, especially in the largest traditional segments of home loans and new vehicle finance
Mumbai: India’s non-bank lenders are expected to see a 13-14% growth in their assets under management (AUM) in FY24, or twice the 7% pace logged in 2021-22, on the back of robust credit demand stemming from the ongoing economic rebound, Crisil Ratings Ltd said on Wednesday.
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