Mumbai, September 03, 2024 (TBB Bureau): Education loans, particularly those aimed at funding overseas studies, are emerging as one of the fastest-growing segments for non-banking financial companies (NBFCs) in India, driven by increasing demand for higher education. According to CRISIL Ratings, NBFCs’ education loan assets under management (AUM) are projected to grow by 40-45 per cent this fiscal, crossing the ...

New Delhi, August 26, 2024 (TBB Bureau): Small finance banks (SFBs) are projected to witness a robust growth in advances, estimated at 25-27% this fiscal, slightly lower than the previous fiscal’s 28% growth. The expansion is expected to be fueled by both segmental and geographical diversification, with a strong and increasing presence in semi-urban and rural markets, which continue to ...