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flag S&P predicts strong growth for India's government-owned financial institutions, boosting their market share.

flag S&P Global Ratings predicts that India's government-owned non-bank financial institutions (NBFI) will see strong growth, boosting their market share with loan growth estimated at about 15% annually over the next two years. flag These institutions play a key role in supporting economic development, benefiting from government support and cheaper funding. flag Despite some asset quality concerns, the sector's credit costs have improved, though they are expected to rise as loan recoveries diminish. flag Entities like NaBFID and IREDA are projected for higher growth due to their focus on strategic sectors.

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