25 YEARS IN INDIA: LEADING WITH IMPACT
NIM and CIR remained broadly stable for the overall industry
$
Key Performance
Indicators NBFC Sector
%
Cost to Income Ratio² by NBFC category (%)
Net Interest Margin¹ by NBFC category (%)
(%)
(%)
13.6%
14
50
43%
12
11.0%
-10.8%
10
8
-7.4%-
6 4.9%
4
2.6%
2
0
FY19
FY20
FY21
FY22
.9.1%
.7.5%
30 32%
5.1%
2.7%
20
15%
10
FY19
40 -40%
38%
HFCs
-
Diversified
- MFIS
Gold Loan
46%
38%
31%
31%
.15%
FY20
FY21
FY22
NBFC Industry
1 NIM is calculated as (Interest Income - Interest Expense)/Average Assets 2 Cost to Income is calculated as Operation expense/(net interest income + other income)
Operation Expense excludes "Net loss on fair value changes", "Net loss on derecognition of financial instruments under amortized cost category", "Net Transaction Exchange Loss" and/or
"Loss/write-off on Repossessed Assets and Assets acquired in satisfaction of debt"
Note: Analysis has been made based on 30 NBFCs: 10 HFCs, 2 Gold, 3 MFI and 15 Diversified NBFCs
Source: Capitaline, Quarterly Results, Investor Presentation, Annual Report, BCG Analysis
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