NBFC Sanctions Grew 6% YOY


Home loans showed a marginal decline of 2%


FinTech BizNews Service   

Mumbai, April 3, 2024: CRIF-FIDC (FINANCE INDUSTRY DEVELOPMENT COUNCIL) data for NBFC Sanctions for FY 2023-24 Q3 provides important insights. Broad Observations are as under: 

Overall growth of NBFC sanctions was 6% YOY, though there was a decline of 4% QoQ (Q3 v. Q2).

Consumption loans such as two wheeler loans, Consumer loans, Gold loans, personal loans and education loans led the growth.

It was good to see commercial vehicles and equipment loans and loans against property increasing by healthy numbers, perhaps indicating revival of capital expenditure

Home loans showed a marginal decline of 2%

Urban sanctions were just 2% while rural sanctions grew by 14% YOY.  

 

 

NBFCs Sanctions During Ǫ3 FY 24

 

 

 

 

 

 

 

 

 

 

 

 

 

(Rs. Crs)

 

Sum of Sanctioned Amount (Cr)

 

 

 

 

 

 

 

Productwise

FY 2022-2023 Ǫ3

FY 2022-2023 Ǫ4

FY 2023-2024 Ǫ1

FY 2023-2024 Ǫ2

FY 2023-2024 Ǫ3

YOY Change

ǪoǪ

Change

 

 

 

 

 

 

 

 

Aggregation of all fund based

facilities

195.32

152.37

89.91

93.33

35.81

-82%

-62%

Auto Loan

606.65

755.57

798.85

809.51

594.44

-2%

-27%

Auto Loan (Personal)

23115.95

23193.67

22411.58

23884.17

22219.68

-4%

-7%

Bank guarantee

328.04

384.42

456.23

226.32

369.67

13%

63%

Cash Credit

246.15

331.80

312.31

203.16

222.34

-10%

9%

Commercial Equipment Loan

4556.11

5033.38

4114.67

4555.56

5091.06

12%

12%

Commercial Vehicle Loan

27227.15

32539.79

27639.60

31686.61

31923.75

17%

1%

Consumer Loan

22950.92

22251.05

29745.52

26193.98

29813.88

30%

14%

Demand Loan

2674.02

3910.18

3835.69

5933.00

8461.00

216%

43%

Education Loan

3495.15

3263.74

4690.12

12454.55

4553.66

30%

-63%

Equipment financing (construction

office medical)

1788.31

2149.06

1854.57

1668.66

1205.93

-33%

-28%

GECL Loan

40.13

48.13

33.93

5.02

0.22

-99%

-96%

Gold Loan

39305.46

54388.45

58753.64

41590.73

44743.50

14%

8%

HCF

35.78

55.78

59.07

71.61

56.16

57%

-22%

Hire purchase

8.46

13.26

8.85

9.87

2.96

-65%

-70%

Housing Loan

48122.96

51221.68

46013.35

54191.18

47199.03

-2%

-13%

Inland bills discounted

1670.55

1432.21

1526.62

1559.36

1763.05

6%

13%

Inland bills purchased

2.50

17.75

 

41.50

25.50

920%

-39%

LAS

4120.19

4161.10

3420.48

2219.47

932.73

-77%

-58%

Lease finance

972.20

863.22

683.01

591.35

709.26

-27%

20%

Long term loan(period above 3 years)

30027.94

33968.97

23418.81

25865.14

15499.77

-48%

-40%

Medium term loan (period above 1

year and upto 3 years)

17518.53

25048.25

15939.32

16770.84

13112.44

-25%

-22%

NCD

833.22

657.00

362.00

836.00

1245.80

50%

49%

Others

9594.93

12419.47

8502.24

9645.28

4709.90

-51%

-51%

 

Overdraft

2515.69

2884.54

2657.68

2658.30

2500.34

-1%

-6%

Personal Loan

53293.07

61410.39

62402.40

67340.54

67722.29

27%

1%

Property Loan

34005.24

43410.54

35326.16

39583.15

41947.83

23%

6%

PSL Agri + KCC

541.68

314.56

363.23

114.13

192.34

-64%

69%

Secured Business Loan

6247.75

8250.88

6163.24

8115.28

8579.97

37%

6%

Seller Financing

1.32

1.41

0.43

10.17

7.98

504%

-22%

Short term loan (less than 1 year)

5041.37

5784.12

3678.87

2287.74

4790.37

-5%

109%

Two Wheeler Loan

16927.29

13316.66

14527.43

14892.51

20716.56

22%

39%

Unsecured Business Loan

32616.14

37227.00

33258.36

38350.92

33987.25

4%

-11%

Used Car Loan

3719.52

4010.40

4572.68

5094.77

5029.74

35%

-1%

Used Tractor Loan

9746.33

7447.65

8104.64

6982.60

7632.42

-22%

9%

Grand Total

404092.02

462318.48

425725.49

446536.33

427598.65

6%

-4%

 




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