India, Aug. 22 -- Education loan-focused NBFC Avanse Financial Services is reportedly weighing a delay in its planned initial public offering (IPO) amid slowing loan demand due to stricter US visa rules.

A Bloomberg report, citing people close to the matter, said that the Mumbai-based lender might wait for the overseas loan market to improve before resuming work on the potential share sale.

"This seems to be an industry speculation about our organisation. As a practice, we do not comment on industry speculations," an Avanse spokesperson said in a statement.

However, the NBFC has not announced a revised timeline for its IPO.

The US is a top destination for Indian students seeking higher education, and Avanse Financial's loan portfolio ...