S&P Ratings upgrades Shriram, Muthoot, Sammaan Capital, on new NBFC rules

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S&P Ratings upgrades Shriram, Muthoot, Sammaan Capital, on new NBFC rules - Business Standard

Quick Summary:

Upper-layer NBFCs have become sizable, with total assets and loans rivalling those of midsize Indian banks.

Generally, these companies are well capitalised, which will support credit growth over the next two years and provide buffers against downside risks, S&P added.

These regulatory changes come at a time when the Indian economy is on a high-growth trajectory.“We estimate GDP growth at 6-7 per cent for 2025-26.