India's non-bank financial companies (NBFCs) are expected to expand faster than traditional banks over the coming decade as lenders adopt artificial intelligence and expand into new loan segments, according to a research report by Nomura.
Improving demand for commercial vehicles (CVs) and passenger vehicles (PVs), along with better fleet utilisation, supported growth in vehicle finance portfolios of auto-focused non-banking financial companies (NBFCs) in Q3FY26, and this momentum is likely to continue into the fourth quarter,
The Auto NBFC space witnessed a gradual improvement in disbursement momentum in the second quarter of FY26 after a relatively soft first quarter, according to a report by Centrum.
As India enters 2025, Non-Banking Financial Companies (NBFCs) stand at the threshold of a transformative era, driven by digital innovation, supportive government policies, and an increasing emphasis on sustainability.