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Non-banking boat finance companies (NBFCs) continue steadily to develop within the unsecured loan (PL) portion in amount terms, doubling their share of the market within the last few couple of years as much as March-end 2020, based on CRIF tall Mark.

Share of the market improves

With regards to amount, NBFCs' share of the market in PLs enhanced from 22.68 percent in March 2018 to 44.92 % in March 2020. Their share of the market in 2020 was at 42.16 per cent, according to the credit information bureau august.

Public sector banking institutions (PSBs) and sector that is private (PvBs) lost significant volume share in PLs during the last 24 months.

With regards to amount, PSBs' share of the market in PLs arrived down from 40.07 percent in March 2018 to 23.83 percent in March 2020.

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