NBFC Sector

: Non-banking Financial Companies (NBFCs) continued to drive activity in the commercial paper (CP) market in March, even as corporates turned cautious amid elevated short-term borrowing costs, a report by India Ratings and Research (Ind-Ra) said. The rating agency expects the divergence in borrowing patterns to persist, with NBFCs continuing to access the CP market actively to meet funding requirements, particularly during the financial year-end period, while corporates remain selective due to higher funding costs and comfortable internal liquidity. March typically marks the peak funding requirement period for NBFCs, and their demand has remained strong despite the rise in yields, the report noted. Reflecting this trend, CP issuances by NBFCs surged to Rs 70,300 crore in March 2026, up from Rs 45,500 crore in February 2026. In contrast, corporate CP issuances declined sharply to Rs 26,600 crore from Rs 40,700 crore during the same period. "The current environment suggests that NBFC

Digital personal loan value rose sharply in Q3 FY26, outpacing growth in loan volumes, highlighting strong demand for higher-ticket credit

Emkay Global has upgraded the stock to 'Buy' from 'Reduce,' on the back of improved visibility on asset quality, profitability, and expansion opportunities.

In Q3FY26, HDB Financial reported a steady operating performance marked by margin expansion, moderating credit costs and stable asset quality.

Sundaram Finance has a strong proven track-record, while Poonawalla Fincorp is shaping up in the right direction, believe analysts.

At 9:35 AM, Shriram Finance share price was trading at ₹868, up 2.33 per cent. In comparison, BSE Sensex was trading 0.19 per cent higher at 84,843.85 levels.

The brokerage believes Piramal is entering a phase where scale benefits, lower operating costs and a sharper credit framework will drive meaningful expansion in return ratios.

At 1:20 PM, IIFL Finance share price was trading 1.98 per cent higher at ₹568.10 per share. In comparison, BSE Sensex was trading 1.12 per cent higher at 85,534.94 levels

IIFL Capital expects TCL's ~15 per cent valuation discount to CIFC to narrow as the company delivers sector-leading earnings momentum.

Arya.ag does commodity financing through its NBFC arm, Aryadhan Financial Solutions Pvt Ltd

Withdrawal of proposal barring overlap between banks and NBFC subsidiaries offers relief to major lenders

Following India's rating upgrade, in investment grade space, spreads have compressed by 10 - 15 bps while in high yield space spreads have compressed by 25 - 30 bps

The higher volumes by NBFCs helped offset the lower origination volume by banks, supporting the overall securitisation market volume, Crisil said in a statement on Monday

Poonawalla Fincorp share price hit a fresh high on the back of robust business update in the first quarter of financial year 2026 (Q1FY26).

PNB Housing Finance shares rose 2 per cent after UBS initiated coverage with a 'Buy' call, citing above-market-average growth

Lower-rated NBFCs face increased credit cost, lagged funding relief and rising losses in unsecured segments as overall loan growth slows down, says India Ratings

Regulatory oversight led to more financial stability for NBFCs

The Nifty PSU Bank index rose 1.46%, or 86.3 points to hit an intraday high of 5,976.75, while the Nifty Bank index increased 0.72%, adding 349.15 points to hit an intraday high of 48,839.10

The RBI has cautioned NBFCs on perpetual credit lines, citing risks of loan evergreening and financial instability, urging lenders to slow down issuance of such flexible credit products

NBFC share price: Nomura, however, is negative on CreditAccess Grameen and M&M Financial Services