Crisil sees NBFCs' education loan growth halving
MUMBAI: Crisil has forecast that growth in the education loan book of NBFCs will slow to half of last year's pace due to tightening immigration policies in the US that are discouraging Indian students from pursuing higher education abroad.
According to Crisil, education loans had been the fastest-growing asset class for NBFCs in recent years, with AUM rising 50% annually.
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