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Reputation: 642,681  •  Oct 9, 2023 5:51 AM
NBFCs may post up to 30% profit rise on strong loan growth
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.
The Economic Times

https://economictimes.indiatimes.com/industry/banking/fin...
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