Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Retail-NBFC – Key asset classes drive growth<br />
Exhibit 4 : Asset class wise growth-September 2018<br />
Exhibit 5 : Asset class wise growth<br />
Source: ICRA Research; Company/ Company Investor presentations<br />
❖ Retail-NBFC credit growth was driven largely by LAP+SME, CV and unsecured credit (personal credit and microfinance); although almost all segments<br />
witnessed revival in FY2018 and this continued into H1FY2019. H1FY2019 growth rates was on the back of the lower pace of growth in H1FY2018<br />
❖ Competitive pricing pressures in some key segment, constrained funding availability and expected uptick in delinquencies would temper overall<br />
growth in the near to medium term<br />
❖ Growth would moderate in H2FY2019 and access to funding would be key driver in FY2020<br />
7
Change language