After witnessing an uptick in Q3 FY2021 and Q4 FY2021, disbursements for non-banks declined again in Q1 FY2022, as expected, and was down by about 55% on a sequential Q-o-Q basis.
According to analysis by ICRA while disbursements revived quite sharply in July 2021 on the back of the pent-up demand, sustainability of the same would depend on the broader macro-economic indicators.
Given this subdued disbursements and portfolio rundown in the absence of any moratorium like in Q1 FY2021.
The asset under management (AUM) for NBFC-segment shrunk in Q1 FY2022, while the HFC AUM remained flat.