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 0 Navigating a raft of headwinds for over two fiscals - culminating in de-growth in the current fiscal - assets under management (AUM) of non-banking financial companies (NBFCs) is set to grow again - although at a relatively subdued 5%-6% next fiscal due to issues like asset quality, funding and competition from banks. The turnaround will be led by larger entities with stronger parentage, says a research report.   In the note, the ratings agency says, after a stellar growth of 18% per annum in AUM between fiscals 2014 and 2018, the pace decelerated to a stutter since the credit event of September 2018. This was primarily due to funding access challenges, followed by asset quality worries due to the Covid-19 pandemic this fiscal. However, recent months have seen some green shoots, it added. 

Krishnan sitaramanGurpreet chhatwalMoneylife digital teamTough runStart growing next fiscalகுர்பிரீத் சத்வால்கடுமையான ஓடுதொடங்கு வளர்ந்து வரும் அடுத்தது நிதி