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August 08, 2019

CRISIL NBFC Report, 2019

After witnessing healthy growth over the past few years, non-bank credit growth slowed down in the second half of fiscal 2019 due to the tight liquidity conditions that engulfed the sector. Consequently, Non Bank Financial Companies (NBFCs) which were gaining market share from banks across major asset classes in the past could not do so in fiscal 2019.

 

Going forward, NBFCs will need to recalibrate their strategies in order to deal with the changing business dynamics. How would this impact the credit growth of the sector? When is the liquidity situation going to improve? Can NBFCs achieve pre-2018 growth in the medium term or will the growth remain anaemic?

 

What are the key factors that will drive their growth? Will their earnings growth trajectory be lower? What will be the capital that they will need over the next 1-2 years? What will separate the winners from the losers? Where are the opportunities for growth?

 

CRISIL Research's NBFC Report, 2019 delves deep into the fast-changing industry landscape to come up with the answers. The report contains CRISIL Research's perspective on growth prospects, competitive scenario and the attractiveness of the 11 segments in which NBFCs operate and also gives a perspective on the emerging fintech market.

 

The coverage also includes:

 

  • Outlook on growth and delinquencies, credit costs by segment
  • Segment-wise profitability outlook, considering business growth, resource profile and asset quality
  • Detailed assessment of competitive scenario with banks and market share of NBFCs in various segments
  • Perspective on regulatory direction in each segment
  • Financial and operational benchmarks across various segments
  • Profiles of over 200+ NBFCs, detailing key operational and financial parameters
  • Details of fund-raising in various NBFC segments
  • Level of digital medium usage in origination and appraisal process

 

Product segments covered
Housing finance Low cost housing finance
Infrastructure finance MSME finance - secured (including LAP) and unsecured
Auto finance Wholesale finance
Micro finance Gold loans
Consumer durables finance Construction equipment finance
Education loans  

 

Coverage

 

Overview For each of the segments covered
Outlook on yields and spreads in fiscals 2019 and 2020 Overall growth in the industry
Relative attractiveness of the NBFC segments based on growth and profitability outlooks Market share of NBFCs vs banks
Competitive positioning of NBFCs across key segments Growth outlook for NBFCs
Outlook on asset quality in the NBFC industry Profitability of NBFCs: Review & outlook
View on the borrowing mix of NBFCs Asset quality: Review & outlook
Capital-raising requirement in the medium term Key growth drivers and challenges