RBI moves, asset quality to push NBFCs slow down asset growth to 15 pc in FY25, FY26: Crisil

RBI's regulatory actions and asset quality trends will slow down NBFCs' AUM growth to 15-17% in FY25. Stressed microfinance and unsecured loans, compliance requirements, and diversified funding mix are influencing recalibrations. Challenges include household indebtedness and reduced bank lending, prompting record securitisation volumes.