Growth in AUM of NBFCs, HFCs may range from 9-11% by FY232 min read 20 Jul 2022, 08:11 PM IST
As per ICRA's note, in FY22, the upside in AUM of NBFCs and HFCs was majorly driven by the steep growth witnessed in Q4 FY22. In this fiscal, the NBFC retail segment jumped 8.5% and the wholesale segment climbed 12%. On the other hand, HFCs recorded a growth of 10%.
The asset under management (AUM) of NBFCs and HFCs may record double-digit growth by end of FY23. A research report of ICRA Ratings on Wednesday stated the growth could be between 9-11% by FY23 compared to a rise of 9.5% in the previous fiscal. Although the trajectory can change going forward, however, the merger of giants HDFC by HDFC Bank will result in a benign spread scenario for the segment.
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