Credit cost of NBFCs in India FY 2024, by company type

Published by Sandhya Keelery, Aug 30, 2024

In the financial year 2024, the credit cost of microfinance institutions was highest at 2.3 percent in India. In contrast, gold non-banking financial companies had the lowest credit cost of 0.3 percent. Credit cost reflects the actual financial impact of credit risk by accounting for provisions, write-offs, collection expenses, loan restructuring costs, and interest income loss.

Credit cost of non-banking financial companies (NBFCs) in India in the financial year 2024, by company type

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Release date

June 2024

Region

India

Survey time period

FY 2024

Supplementary notes

 Analysis has been made based on 29 NBFCs (9 HFCs, 2 Gold, 3 MFI and 15 Diversified NBFCs)

India's financial year begins in April and ends in March. For example, FY 2023 started in April 2022 and ended in March 2023.

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Statistics on " Non-banking financial companies in India "

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Overview

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Key figures

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Borrowings and credits

6

Types of NBFC

4

Major players

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Topics

NBFCs in IndiaDigital payments in IndiaBanking industry in IndiaFintech in IndiaWealth management in India
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