The wholesale credit book of non-banks – comprising real estate lending, infrastructure finance and structured credit – is seen growing at a pacy 21% annually till 2020, or 350-400 basis points (bps) faster than the retail and MSME (micro, small and medium enterprises) segments. Consequently, its share of non-banks’ overall credit pie would surge to ~20% from just 12% in 2014.
CRISIL has assigned its first credit opinion – equivalent to ‘Provisional CRISIL AA- (SO)' – to capital protection available to Class B unit holders of IFMR FImpact Medium-Term Opportunities Fund, a scheme of IFMR Finance for Freedom Fund IV, a Category II alternative investment fund (AIF).
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