IL&FS crisis’ adverse impact on NBFC growth may lead to consolidation in sector: Fitch Ratings – Firstpost

It clearly specified role and responsibilities amid growing worries over an "imminent crisis" in the NBFC sector due to credit squeeze, overleveraging, excessive concentration, massive mismatch between assets and liabilities and misadventures by some large entities like the IL&FS group.

Fitch Ratings. IL&FS crisis’ adverse impact on NBFC growth may lead to consolidation in sector: Fitch Ratings. Firstpost – Press Trust of India. New Delhi: The debt crisis in IL&FS has adversely impacted growth of the NBFC sector in India and might lead to its consolidation, said a report by.

Fitch Ratings. IL&FS crisis’ adverse impact on NBFC growth may lead to consolidation in sector: Fitch Ratings. Firstpost – Press Trust of India. New Delhi: The debt crisis in IL&FS has adversely impacted growth of the NBFC sector in India and might lead to its consolidation, said a report by.

While overall pace of growth was good, a reversal was observed in the trend with rise in ticket size outpacing the growth in client base in the post-demonetisation period, greater focus has been on client retention by offering larger loans and eliminating delinquent clients, which has slowed down the pace of client growth for the sector.

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Domestic car sales were down 24.97 per cent to 1,39,628 units as against 1,83,885 units in June 2018, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Wednesday.

Crisis in NBFC sector.. It appears that the difficulties in rolling over NBFC debt that followed the collapse of Infrastructure Leasing and Financial Services (IL&FS), a leading NBFC, have abated somewhat;. Vijaya Bank and Dena Bank may consider their consolidation.

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The move comes after the sector faced stress on liquidity following the IL&FS crisis.There are around 10,000 NBFCs registered with the RBI. The Reserve Bank of India-regulated sector grew 15.8% in 2017-18. By the end of March 2018, it was 19.8% of the scheduled commercial banks (SCBs) taken together, in terms of balance sheet size.