Crisil Predicts Moderate NBFC Asset Growth in FY24

According to recent insights from Crisil Ratings, the anticipated growth in the assets of Non-Banking Financial Companies (NBFCs) for the fiscal year 2024 is likely to be moderately lower compared to the robust 16-18 per cent range seen in previous periods. The analysis suggests a nuanced trajectory for NBFCs, reflecting evolving market dynamics and potential adjustments in the financial landscape. Crisil's projection hints at a measured expansion for NBFCs, indicating factors that could influence the growth trajectory. As the financial sector adapts to changing economic conditions and regulatory considerations, this forecast provides stakeholders with valuable insights into the expected performance of NBFCs in the upcoming fiscal year. The slight moderation in anticipated asset growth aligns with the ongoing efforts to maintain a balanced and sustainable financial environment. By closely monitoring these projections, market participants can make informed decisions, contributing to the overall stability and resilience of the non-banking financial sector in India.