NBFCs' profitability to moderate on higher borrowing costs: Moody’s

“ We expect loans at NBFCs to grow about 15% in the next 12-18 months, driven by various types of lending, including infrastructure financing by large government-owned NBFCs and loans to small and medium-sized enterprises” Moody’s said in a report. “We also expect the sector’s credit costs to increase from cyclically low levels, especially as unsecured loans mature”.