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.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
a minute ago
- The Hindu
Minister Nara Lokesh invites Airbus to set up MRO hub in Andhra Pradesh
In a significant push to boost Andhra Pradesh's presence in the global aviation sector, the State Minister for Education, IT, and Electronics, Nara Lokesh, met Anand Stanley, president of Airbus Asia Pacific, during his official visit to Singapore on Monday and invited him to visit Andhra Pradesh and evaluate its readiness to host major aviation infrastructure investments. Mr. Lokesh proposed that Andhra Pradesh, with its strategic location and growing aviation ecosystem, is ideally positioned to become South Asia's premier Maintenance, Repair, and Overhaul (MRO) destination. India not only has a high density of aircraft but also serves as a hub for regional aviation demand from countries like Sri Lanka, Bangladesh, Nepal, Bhutan, and others in Southeast Asia, creating a strong captive market for MRO services, he said. ''India is one of the fastest-growing aviation markets in the world. With over 850 Airbus aircraft currently in operation and an estimated demand for 1,750 more over the next 20 years, there is an urgent need for a dedicated MRO hub,' he emphasised, highlighting Airbus's dominant market share of 65-70% in India's commercial aviation sector, largely driven by its A320 narrow-body fleet. The Minister further assured that Andhra Pradesh is prepared to offer policy support and infrastructure to match global standards. 'Our proposed MRO hub will not only reduce ferry times and operational costs for Indian carriers but will also enhance fleet readiness,' he said. 'It opens up opportunities for servicing aircraft from across the region, turning Andhra Pradesh into a regional aviation service leader.' The State government, Mr. Lokesh said, is ready to partner with global players like Airbus to build a full-fledged, future-ready MRO ecosystem. The hub would follow best practices similar to Singapore's high operational and safety standards, he added.
India.com
a minute ago
- India.com
New Budget EV Scooter Launched At Just Rs...; 90Kmph Top Speed, 3 Ride Modes And 116km Range
Kinetic DX Electric Scooter: The Kinetic DX electric scooter has been launched in India in two variants: DX and DX+, priced at Rs 1.11 lakh and Rs 1.17 lakh (ex-showroom, Pune). Interested buyers can book the scooter online via the brand's official website. Deliveries are set to begin from October 2025. For now, the company plans to sell only 35,000 units of the DX across India. The new DX brings back memories of the original Kinetic Honda DX, launched in 1984. That scooter was widely popular among Indian families in the 90s. The new electric DX rivals other e-scooters like the Bajaj Chetak, TVS iQube, and Ather Rizta. Buyers will get a 3-year/30,000 km standard warranty, which can be extended up to 9 years/1,00,000 km. Both the DX and DX+ come with the same 2.5kWh IP67-rated battery pack, but have different motors. The DX variant gets a 4.7kW motor, while the DX+ is fitted with a 4.8kW motor. The DX offers a claimed range of 102 km, whereas the DX+ delivers up to 116 km of range on a full charge. Top speeds are 80 km/h for DX and 90 km/h for DX+. The battery can be charged from 10% to 50% in 2 hours, 0% to 80% in 3 hours, and 0 to 100% in 4 hours. It is equipped with an integrated charger and a 15A charging plug placed inside the glovebox. The scooter offers three ride modes: Range, Power, and Turbo. Suspension duties are handled by telescopic forks at the front and twin shock absorbers with preload adjustability at the rear. For braking, it uses a front disc and rear drum with CBS (Combined Braking System). The scooter rides on 12-inch alloy wheels with 100-section tyres at both ends. Key Features include all-LED lights with K-shaped DRL, 8.8-inch LCD console, speaker with volume controls, USB charging port, cruise control, reverse mode, regenerative braking, 37-litre underseat storage, anti-theft alert, vehicle tracking, follow me home headlight and ride data analysis.
Mint
a minute ago
- Mint
Why did defence stock Apollo Micro Systems skyrocketed in Closing Bell? EXPLAINED
Despite the Indian stock market ending with sharp losses, extending its losing streak to a third straight session on Monday, shares of Apollo Micro Systems managed to close with a 5.30% gain at ₹181 apiece. Most of the rally occurred during the last hour of trade, as demand for the stock surged sharply on Dalal Street following the release of its June quarter earnings. The company reported its highest-ever quarterly net profit (consolidated) of ₹18.51 crore in Q1FY26, 115% higher than the ₹8.43 crore posted in the same quarter last year, driven by improved operational efficiency. The company has been reporting steady growth in its net profit in recent quarters, which is also reflected in a sharp rise in its share value. Its consolidated revenue from operations grew 47.25% YoY to ₹134 crore, while at the operating level, the company posted an EBITDA of ₹41 crore, a significant jump from ₹22 crore in Q1 FY25. The EBITDA margin expanded by 700 basis points YoY and 900 basis points QoQ to 31%, largely driven by a favorable product mix and lower raw material costs. Apollo Micro Systems is a Hyderabad-based company engaged in the business of electronic, electro-mechanical, engineering designs, manufacturing, and supply. It is engaged in the design, development, and sale of high-performance, mission- and time-critical solutions to defence, space, and homeland security for the Ministry of Defense, government-controlled public sector undertakings, and private sectors. It also offers custom-built COTS (commercially off-the-shelf) solutions based on specific requirements for defence and space customers. Stock surges 230% in 2 years, 1500% in 5 years The company's shares have remained strong in recent months despite the Indian stock market experiencing severe volatility. Over the last three months, the stock has risen from ₹122 to ₹181, marking a 48% gain, and even touched a fresh all-time high of ₹221 in late June. The stock has soared 230% in the past two years, while delivering a 1500% return over the last five years. Between June 2022 and November, the shares witnessed a sharp, one-way rally, generating an impressive 1,370% return for investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
