NBFC sector which faced a huge downturn in the ILFS and DHFL era and the covid era and were burdened with a lot of stressed assets, got a lease of life with some favorable policies specially in the housing finance sector and otherwise. The return of growth in the MSME and SME sector have also signaled a stronger comeback to the NBFCs into the growth trajectory.

With the Fintech sector strongly entering into the lending space, on one hand the sector is either equipping itself to be more versatile, agile and technologically advanced, while on the other, the sector is also looking at strong fintech tie-ups to reduce stressful assets and quick turnaround time with frictionless experience and longer and secure customer engagements.