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Non-bank lenders are projected to experience robust growth, with a forecast of 25-30% expansion in their Assets Under Management (AUMs) for the financial years FY24 and FY25, according to Icra Ratings, a leading domestic rating agency. The growth estimate specifically pertains to Non-Banking Financial Companies (NBFCs) with AUMs of up to Rs 10,000 crore.
The Reserve Bank of India (RBI) introduced stricter guidelines for consumer credit on Thursday, directing banks and Non-Banking Financial Companies (NBFCs) to implement higher risk weights for unsecured personal loans. This regulatory adjustment aims
The report raises concerns about the quality of underwriting processes and third-party lending practices in Non-Banking Financial Companies (NBFCs) and FinTech firms, , nbfc, bank risk mitigation, FinTech firms