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WWRR Vol.2.017

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LAP+SME<br />

CV<br />

Unsecured Credit<br />

PV<br />

Gold Loan<br />

Immediate measures by Retail-NBFCs...II<br />

Exhibit 14 : Retail-NBFC Credit- Growth to Moderate<br />

Exhibit 15 : Retail-NBFC -Growth in Key asset segments to slow<br />

60%<br />

48%<br />

50%<br />

43%<br />

40%<br />

35%<br />

30% 25% 25% 27%<br />

22%<br />

19%<br />

20%<br />

16%<br />

15%<br />

9% 11%<br />

8% 8% 10%<br />

10%<br />

0%<br />

Y-o-Y growth (Mar-18) Y-o-Y growth (Sep-18) Y-o-Y growth (Mar-19) E<br />

Source: ICRA Research, Annual Report, Company data<br />

Source: ICRA Research<br />

❖ Retail-NBFC credit growth for FY2019 to moderate to 16-18% vis a vis 24-25% YoY growth witnessed in H1FY2019; Thus, growth rate in the second<br />

half is expected to roughly halve to about ~12%<br />

❖ Key asset segments- LAP+SME, CV to witness sizeable slowdown in credit growth<br />

13

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