Rise in NPAs as RBI Tightens Grip on Unsecured Loans

CosmicTaco · 2024-10-28T09:52:59.668248+05:30

- Several large non-banking finance companies (NBFCs) are witnessing a rise in non-performing assets (NPAs) due to delayed repayments. - Navi Finserv, one of the largest digital lenders, has been stopped from issuing new loans by the RBI. - Despite a decrease in gross non-performing assets (GNPA) ratio, Fibe saw an increase in GNPA in Q1 FY25. - OnEMI Technology Solutions and Indifi Capital also saw an increase in their 90+ DPD. - The Reserve Bank of India (RBI) has raised concerns about the sustainability of loans and has started cracking down on unsecured loans. Source: [The Arc](https://thearcweb.com/article/fintech-nbfc-npa-rbi-unsecured-navi-fibe-ring-VQ3gzVjOT69g0Jo2)

Several large non-banking finance companies (NBFCs) are witnessing a rise in non-performing assets (NPAs) due to delayed repayments.
Navi Finserv, one of the largest digital lenders, has been stopped from issuing new loans by the RBI.
Despite a decrease in gross non-performing assets (GNPA) ratio, Fibe saw an increase in GNPA in Q1 FY25.
OnEMI Technology Solutions and Indifi Capital also saw an increase in their 90+ DPD.
The Reserve Bank of India (RBI) has raised concerns about the sustainability of loans and has started cracking down on unsecured loans.

Source: The Arc