NBFC-MFIs' AUM to grow 24-26%, profitability 2.7-3.0% in FY24 thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
As per a recently released ICRA report, the transaction volumes for payment banks have displayed a robust growth with compounded annual growth rate of 60% over the last four years.
ICRA Ratings carries a Stable outlook for the non-banking financial companies-microfinance institutions, driven by the expected healthy growth in the assets under management and the improvement in profitability.
Driven by the expected healthy growth in the assets under management (AUM) and the improvement in profitability, non-banking financial companies-microfinance institutions (NBFC-MFIs),