September 14, 2021 05:01 am | Updated 05:01 am IST - MUMBAI
The asset under management of the non-banking financial company segment declined in Q1 of 2021-22 on lower disbursements and portfolio rundown, ICRA Ratings said in a report.
After witnessing an uptick in Q3 and Q4 FY21, disbursements for NBFCs and housing finance companies declined again in Q1 FY22. “Given this subdued disbursements and portfolio rundown in the absence of any moratorium like in Q1 FY21, the [AUM] for NBFC-segment shrunk in Q1 FY2022, while HFCs’ AUM remained flat,” it said.
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.
