NBFC Performance Update - Second Wave Of Infections Nips The Budding Recovery: ICRA

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ICRA Research Report

Disbursements were impacted in Q1 after a robust recovery since Q3 FY2021.

Expect disbursements to grow by about 6-8% in FY2022 after a YoY decline of about 11-12% in the previous two fiscals

Assets under management growth was impacted in the last fiscal on account of the falling disbursements and higher write-offs, especially in non banking financial companies (non-mortgage) space.

The AUM growth in FY2022 is estimated to be at 7-9% vis-a-vis ~ 4% (estimated) growth in FY2021.

About 30% of the exposure is deemed to be in the risky segments.

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