Over the past few years, non-banks have gained significant share of the credit pie in the Indian financial sector, even as public sector banks reeled under asset quality challenges. Fiscal 2018 was a pivotal year, with regulatory transition for NBFCs coming to an end. Credit costs, which were elevated through the transition period, will now revert to the historical levels. The good part is, underlying credit demand is expected to remain steady in key segments. Asset quality has also been reasonably steady.
However, there are headwinds in fiscal 2019 on the liabilities side because of a reversal in the trend of declining borrowing costs. With yields not expected to rise in-line with borrowing costs, profitability of non-banks could come under pressure.
In this backdrop, CRISIL Ratings invites you to a webinar on non-banks where we will delve into the following areas:
Growth in the assets under management and associated challenges
Asset quality outlook
Trends and expected movement in borrowing costs and resource mix
Impact on profitability
The webinar will have a presentation by CRISIL Ratings, followed by a panel discussion with senior leaders from non-banks and a Q&A session.