NBFCs Outpace Banks in Loan Growth

In India, non-banking financial companies (NBFCs) like Bajaj Finance and Muthoot Finance are growing faster than banks in giving out loans.

This is the fourth year in a row that NBFCs have grown faster.

The biggest growth is in companies that lend money for gold and other diversified loans.

Even though there are fewer NBFCs now because of new rules, the ones that are left are doing really well.

They are giving out more loans than banks, and the quality of these loans is getting better.

However, the money that new digital lending startups are getting has gone down.

This is because investors are being more careful about who they give money to, not because the lending business is doing badly.

Overall, the lending market in India is still growing strong.