‘NBFCs continue to lose market share in housing, private auto segments’

The trend of market share losses for non-banking finance companies (NBFCs) to banks is continuing in housing and private auto segments, Emkay Global Financial Services said on Monday. This is largely due to lower interest rates and longer loan tenures by banks. Meanwhile, NBFCs continue to bet on the under-banked and new-to-credit segments to manage growth momentum while also focusing on specific product segments like used vehicle finance, affordable housing and low-ticket MSME loans.