New Delhi, June 19 -- India's non-bank financial institutions (NBFIs) are growing strongly, with large lenders leading the way, says Fitch Ratings.

These institutions offer a wide range of financial services, and their credit ratings depend on how strong and stable their business models and finances are.

According to Fitch, large NBFIs with a proven track record are earning more trust from investors and lenders. This growing confidence is helping them stay ahead of smaller players in the sector.

By the end of September 2024, 17 major NBFIs tracked by Fitch had increased their share of the total loan market to 38 per cent, up from 30 per cent in March 2022. These leading lenders recorded an annual loan growth rate of 20 per cent during ...