As on June 30, 2017, the total managed retail credit of NBFCs stood at Rs. 6.4 trn
Capital First, Chola Investment and L&T Finance stand out for their unique business model and reason
RBI reduced amount to Rs 25,000 from earlier Rs 1 lakh in line with provisions of the Income Tax Act
Muthoot Finance, Manappuram Finance, Srei Infra, DHFL, Bajaj Finance and M&M Financial were up 4% to 7%.
PTC India Financial, Satin Creditcare, Shriram Transport Fin, Bharat Financial, Muthoot Finance and M&M Financial were up 3%-6% on the BSE.
Forget stalling bank credit and NPAs, look at booming consumer credit
Investors have fallen for stocks that till yesterday were considered just an arbitrage play over banks
They're making inroads into microfinance, used car finance and rural housing; retail loans of top 12 NBFC are barely 5% smaller in size than those of top-5 private banks
Bajaj Finserv and M&M Financial Services from the BSE500 index hit record highs on the BSE.
Piggybacking on visible recovery in sales of commercial vehicles, Shriram Transport Finance, M&M Financial and Cholamandalam Finance emerge favourites
NBFC's contribution to the economy has grown from 8.4% in 2006 to above 14% in March last year
Company is looking at setting up a separate housing finance company as the cost of funds that it can tap through the National Housing Board is lower