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Mumbai, Nov 19 (PTI) Non-bank lenders’ home loan growth will slow down in FY26 owing to aggressive play by state-run banks in the market, a report said on Wednesday.

Non-bank lenders’ assets under management are likely to grow by 12-13 per cent, down from 14 per cent in the preceding fiscal, despite a slew of tailwinds, the report by Crisil said.

The challenges faced by non-bank lenders include “intense competition" from banks, which continue to dominate the prime home loan segment, it added.

“Public sector banks have upped the ante and surpassed prime-focused housing finance companies (HFCs) last fiscal and in the first half of this fiscal," the agency’s director Subha Sri Narayanan said.

Narayanan said competition in pricing is evident from the strong growth

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