NBFCs may post up to 30% profit rise on strong loan growth

Non-banking finance companies (NBFCs) in India are expected to report a 20-30% growth in net profit for the second quarter, driven by strong loan disbursements. However, margins may be under pressure due to a rise in the cost of funds. Analysts expect consumer-facing sectors like microfinance, consumer durable and vehicle loans to lead growth, while affordable housing and gold-loan companies may lag behind.

from Stocks-Markets-Economic Times https://ift.tt/eIHSCyz

Comments

Popular posts from this blog

Gokaldas Exports reports 152% jump in revenues

US largest source of FDI in FY23; Mauritius, UK next