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Upswing likely for NBFCs on GST, festive bonanza
Financial Express Lucknow
|January 07, 2026
NON-BANKING FINANCE companies (NBFCs) are expected to report a healthy growth for the quarter ended December (Q3 FY26), riding on the GST reforms and an uptick in festive demand.
"Improving disbursement traction, supported by strong festive demand, GST rate moderation across key products, rural recovery, and sustained mortgage demand, is likely to drive a sequential acceleration in growth," Emkay Global said in its pre-earnings report.
For its NBFC universe, Motilal Oswal expects loan growth of 15% year-on-year and a nearly 3% sequential rise. The brokerage sees NBFCs in vehicle & gold financing and unsecured lending doing well.
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