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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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