Choose reasonably valued NBFCs with a strong parent, earnings, says Jefferies report
Updated : November 25, 2019 01:04 PM IST
Negative sector news flow has eased in the short term in the past few weeks, but with sector concerns yet to fade, news flow should stay volatile, the research report said.
The reasons behind the slowdown in the sector’s developer book, according to the brokerage, are constrained liquidity, rising stress and reluctance to lend.
The good news for the sector is that the banks' credit to NBFC is rising following recent policy support and willingness of PSU banks to lend to the NBFCs now.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more