New Delhi, July 30 -- ICRA forecasts a significant expansion in retail mortgage-backed loans provided by non-banking financial companies (NBFCs) and housing finance companies (HFCs).
The rating agency has projected a rise in loans to Rs. 20 trillion by FY2028 from approximately Rs. 13 trillion as of March 2025.
The report further reveals that, within this growth, the share of affordable housing finance companies (AHFCs) is expected to reach Rs. 2.5 trillion, up from Rs. 1.4 trillion.
According to ICRA, mortgage loans by NBFCs and AHFCs are anticipated to grow at a Compound Annual Growth Rate (CAGR) of 17-19 per cent and 20-22 per cent respectively, over the next three years.
A.M. Karthik, Senior Vice President & Co-Group Head - Financ...
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