New Delhi, Oct. 8 -- For non-banking financial companies (NBFCs), an Asset Under Management (AUM) growth of approximately 17% year-on-year is anticipated in the second quarter of FY26 (compared to ~17%/20% year-on-year in the first quarter of FY26 and second quarter of FY25), along with a slight improvement in Return on Equity (RoEs) expected to reach 13.6% in 2QFY26E (up from 13.1% in 1QFY26), said JM Financial Research in its preview report for Q2 results covering a universe of 23 NBFCs.

Disbursement growth is anticipated to accelerate across all segments, driven primarily by the upcoming festive season for auto lenders, expansion into non-MFI sectors for MFIs (Micro finance Institutions), a rise in gold prices for gold financers, and ...