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Banks cautious on lending to small businesses despite high demand, lower NPAs: Report

Banks cautious on lending to small businesses despite high demand, lower NPAs: Report
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Slowdown in delinquencies to make MSME lending attractive: Report

Delinquency rates in the MSME segment are declining and credit demand is increasing due to the new-to-credit category, according to TransUnion Cibil. The credit bureau said delinquency rates have decreased gradually over the last three years, falling from 2.9% in the March 2022 quarter to 2.4% in the same period this year, while demand rose by 33%.

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demand: Banks cautious on lending to small businesses despite high demand, lower NPAs: Report

The reluctance of banks is despite the availability of analytical data, which gives more comfort to a lender while taking a decision, and a sharp improvement in asset quality in the segment. The report said unpaid loans between 90 and 720 days improved to 2.4 per cent in Q4 FY23 as against 2.9 per cent in the year-ago period.

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Rating firms flag concerns over surge in unsecured loans

As per the data for large NBFCs ( assets under management or UM of Rs 10.3 lakh crore as of March 2023), the AUM grew 19% yoy in FY23, compared to 3.3% and 9.6% in FY21 and FY22, respectively. "The revival in pent-up demand, which was dormant during the pandemic, led to the robust growth in the portfolio of NBFCs, despite the headwind of higher interest rates" India Ratings said in a report.

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