NBFC loan sanctions drop from June quarter

The September quarter saw a decline in sanctions for non-banking finance companies (NBFCs) by Rs 15,751 crore, with loans against shares, short-term loans, and gold loans experiencing a drop. However, compared to the previous year, the sanctions were up by Rs 11,154 crore, with personal and consumer loans showing the most significant growth. RBI's restriction on loan-to-value ratios for shares pledged by borrowers resulted in a 77% decline in loan against shares. NBFCs witnessed growth in personal, consumer, and education loans, while gold loans faced a decline. Short-term loans showed signs of stress with a substantial decrease.

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