In the financial year 2023, the credit cost of microfinance institutions was highest at three percent in India. In contrast, gold non-banking financial companies had the lowest credit cost of 0.1 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 2023, by company type
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Credit cost
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BCG India. (June 23, 2023). Credit cost of non-banking financial companies (NBFCs) in India in the financial year 2023, by company type [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1460888/india-credit-cost-of-nbfc-by-company-type/
BCG India. "Credit cost of non-banking financial companies (NBFCs) in India in the financial year 2023, by company type." Chart. June 23, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1460888/india-credit-cost-of-nbfc-by-company-type/
BCG India. (2023). Credit cost of non-banking financial companies (NBFCs) in India in the financial year 2023, by company type. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1460888/india-credit-cost-of-nbfc-by-company-type/
BCG India. "Credit Cost of Non-banking Financial Companies (Nbfcs) in India in The Financial Year 2023, by Company Type." Statista, Statista Inc., 23 Jun 2023, https://www.statista.com/statistics/1460888/india-credit-cost-of-nbfc-by-company-type/
BCG India, Credit cost of non-banking financial companies (NBFCs) in India in the financial year 2023, by company type Statista, https://www.statista.com/statistics/1460888/india-credit-cost-of-nbfc-by-company-type/ (last visited July 22, 2024)
Credit cost of non-banking financial companies (NBFCs) in India in the financial year 2023, by company type [Graph], BCG India, June 23, 2023. [Online]. Available: https://www.statista.com/statistics/1460888/india-credit-cost-of-nbfc-by-company-type/