NBFC retail credit to grow 18 per cent this fiscal – Feedback

The retail credit of Non-Banking Financial Companies (NBFCs) is expected to grow 16-18 per cent in the current fiscal on the back of rising demand in the new commercial vehicle segment and also given the general pick-up in business environment, says a report.

The retail credit had witnessed a growth of 14.5 per cent in the previous financial year. According to domestic credit rating agency, ICRA, the tractor segment could witness a dampening of growth as lenders remain cautious in light of the weak rainfalls over the past three crop cycles.

http://economictimes.indiatimes.com/industry/banking/finance/finance/nbfc-retail-credit-to-grow-18-per-cent-this-fiscal-study/articleshow/50746165.cms

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