The report highlighted that the recovery in disbursements was primarily led by NBFC-MFIs, which recorded 10 per cent QoQ and 27 per cent YoY growth by value. Banks also posted a sequential uptick of 13 per cent QoQ, though YoY growth remained negative. Small Finance Banks (SFBs) reported mod
The credit card sector in India is witnessing a slowdown, with disbursement growth falling to a four-year low, according to a report by ACMIIL, a stock market firm.
Mumbai (Maharashtra) [India], Mar 4 (ANI): India Ratings and Ratings (Ind-Ra) on Thursday maintained a stable outlook on retail non-banking finance company (NBFC) and housing finance company sectors for FY22.