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),
Get latest articles and stories on Latest News at LatestLY. Domestic rating agency Icra Ratings on Wednesday revised the growth estimate for Housing Finance Companies (HFCs) to 10-12 per cent for FY23 from an earlier projection of 9-11 per cent. Latest News | Housing Finance Companies Likely to Grow at 10-12 Pc in FY23: Report.
The REs include NBFC-MFIs, scheduled commercial banks (SCBs), small finance banks (SFBs), NBFC – investment and credit companies (NBFC-ICCs) and others.
Healthy demand, along with increasing level of economic activity, is expected to boost non-banking financial companies-housing finance companies (NBFC-HFC) growth in FY23, says ICRA Ratings.According to the agency, the second wave of the .