Home loans, gold loans and loans against property have picked up well for NBFC/HFCs: Shweta Daptardar

Elara Capital's Shweta Daptardar notes that while favorable macros exist, NBFCs are cautious due to sensitive unsecured and microfinance loans. Modest growth is expected in FY26 due to regulatory changes and asset quality challenges. Small finance banks are well-positioned for a microfinance turnaround, while NBFCs and private banks show promise for returns.