NBFCs Surge Forward of Banks: The Rise of Bajaj and Muthoot Finance


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Analysts count on NBFCs to keep up their progress momentum within the close to time period, permitting them to seize a much bigger share of the mortgage pie from banks.

Non-banking monetary firms (NBFCs) similar to Bajaj Finance, Shriram Finance, Muthoot Finance, and IIFL Finance have regained their progress momentum after dropping market share to banks within the post-Covid interval. 

The expansion surge is being led by diversified lenders and gold-loan firms whereas development-finance establishments similar to Energy Finance Company (PFC), REC, and Housing & City Growth Company (Hudco) proceed to develop at a slower tempo. 

The mixed mortgage books or advances by retail NBFCs have been up 16.6 per cent year-on-year (Y-o-Y) throughout April-September (H1FY26) in comparison with 11.7 per cent Y-o-Y progress for all



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