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NBFC loan growth in negative zone

image MUMBAI: In further trouble for non-bank lenders, their loan growth slipped into negative territory with a de-growth of nearly 2% in the quarter ended June 30 and a year-on-year growth of 11%, according to an analysis by Credit Suisse.

“Moderation in vehicle loans in the face of a slowdown in the auto sector and increased caution appear to be the prime reasons,” said Ashish Gupta, Research Analyst with Credit Suisse. “Wholesale loans at NBFCs though have started to deteriorate and as much...........ET