NBFC liquidity crisis hit loans against property market in FY19

Fall in recoveries due to weak property markets in metros, coupled with rising delinquencies led to a weakening of the loans against property segment, India Ratings report said

1.77% – rise in 90-day overdue loans for LAP transactions in January

1.05% – rise in 90-day overdue loans in January 2018

7.5% – fall in delinquency index for rated commercial vehicle loans in January

8.19% – delinquency index for rated commercial vehicle loans same month last year

Poor sentiment in the property market and the liquidity crunch faced by non-banking financial corporations weakened the performance of LAP," 
― The report added