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Asset Management Company and brokerage business to remain strong, says Motilal Oswal Financial Services

Updated : May 22, 2018 03:31:49 IST

 

Both the broking and Asset Management Company (AMC) business are scalable business and are dependent on markets but the outlook for both remains to be strong, said Raamdeo Agrawal, Co-Founder, Motilal Oswal Financial Services.

With regards to housing finance business, he said the expectation is that non-performing loans will rise in first half of FY19 but stabilise from second half.

The year on year fourth quarter housing finance business reported a loss of Rs 5.6 crore versus profit of Rs 28.6 crore.

FY19 will be a good year for the investment banking business, he added.
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