NBFCs’ education loan portfolio to cross Rs 60,000 cr, but growth slows
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The US, UK and Canada are favourite destinations for Indian students. (Photo: Shutterstock)
The education loan portfolio of non-banking financial companies (NBFCs) is expected to grow 40-45 per cent to over Rs 60,000 crore in FY25. The growth is slower than the annual run rates of over 80 per cent and 70 per cent in FY23 and FY24, according to a report by CRISIL Ratings.
The portfolio performance of NBFCs has been resilient, based on strong credit underwriting. The 90-days plus delinquencies for education loans stood at 0.2 per cent in FY24, while for private and state-owned banks it was 2 per cent and 3.9 per cent.
While the United