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NBFCs’ AUM to rise 18-19% amid strong retail lending

The Business Guardian

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November 25, 2025

The non-banking financial companies (NBFCs) assets under management (AUM) for the vehicle finance and home loans, that comprise nearly 44% of the overall NBFC AUM, is set to grow at 18-19%, noted Crisil Ratings in a report on Monday.

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NBFCs’ AUM to rise 18-19% amid strong retail lending

It highlighted that the recent Goods and Services Tax (GST) cuts have given a fillip to unit sales across vehicle categories, particularly cars, and this momentum is likely to continue with a steady growth of 16-17% over this fiscal and the next.

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