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NBFC-MFI sector growth to nosedive to 4% in FY25: CareEdge Ratings

Business Standard LogoBusiness Standard20h ago

NBFC-MFI sector growth to nosedive to 4% in FY25: CareEdge Ratings - Business Standard

Quick Summary:

This may lead to a decline in return on average assets (RoTA) to approximately 0.4 per cent during the same period, compared to 4.3 per cent in FY24.

These issues, coupled with vulnerabilities to socio-political risks and natural disasters, further complicate the already challenging operating environment for NBFC-MFIs.

Its ability to recover and adapt has earned continued investor support, highlighting the sector's strength and its critical role in financial inclusion.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 20:44:33 (20 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 358 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23555632

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 295 posts per day

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News Last Updated: 2 hours ago

Coverage Areas: India

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Publisher ID: #49

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