NBFC sector: Impact of revised RBI provisioning norms on credit profiles — PreRatings
Infrastructure Developer — Long Term AA−
Pharma Manufacturer — Long Term AA+
Regional NBFC — NCD Rating BBB+
Steel Producer — Bank Loan A
Textile Exporter — Long Term BB+
Auto Component Mfr — Short Term A1+
Cement Producer — Long Term AA
Chemical Exporter — IPO Grading A−
Infrastructure Developer — Long Term AA−
Pharma Manufacturer — Long Term AA+
Regional NBFC — NCD Rating BBB+
Steel Producer — Bank Loan A
Textile Exporter — Long Term BB+
Auto Component Mfr — Short Term A1+
Cement Producer — Long Term AA
Chemical Exporter — IPO Grading A−
← Back to PreRatings
Insight · Sector

NBFC sector: Impact of revised RBI provisioning norms on credit profiles

01 Aug 2026 Insight PreRatings Research
Analysis of 14 NBFC preparatory ratings shows 60% would see a one-notch downgrade under the new norms. Capital adequacy remains the key differentiator. Gold loan NBFCs least affected.
NBFC & HFC Regulatory Impact