Credit pulse: NBFCs eye steady AUM rise as firms adopt risk-calibrated lending; unsecured and MSME segments face strain
Non-bank finance companies are projected to grow by 18% annually, reaching Rs 50 lakh crore in assets under management by FY27. Lenders are becoming more selective, particularly in unsecured MSME loans due to rising borrower leverage and visible repayment stress. Growth in personal loans and gold loans is expected to be strong, supported by consumption trends and market formalization.
Non-bank finance companies are projected to grow by 18% annually, reaching Rs 50 lakh crore in assets under management by FY27. Lenders are becoming more selective, particularly in unsecured MSME loans due to rising borrower leverage and visible repayment stress. Growth in personal loans and gold loans is expected to be strong, supported by consumption trends and market formalization.
