Non-banking financial companies (NBFCs) are financial institutions that offer various banking services but do not hold a banking license.
NBFCs play a crucial role in India's credit ecosystem. NBFCs along with the banks work with a single objective of expanding the credit base of the country while being profitable.
In India, NBFCs have become important constituents of the finance sector. Over the last decade, they have experienced phenomenal growth. As a result, they have surpassed the traditional banks in terms of credit growth.
NBFCs are covered under the banking regulations laid down by the Reserve Bank of India and provide banking services like loans, credit facilities, retirement planning, investing, and stocking in the money market.
Investment banks, mortgage lenders, money market funds, insurance companies, hedge funds, and private equity funds are all examples of NBFCs.
The growth of the financial sector can be attributed to rise in financial inclusion, increasing penetration of financial assets, wider participation in equity markets, and technology adoption.
Given bright growth prospects, it's worth looking at the top Indian NBFCs from an investing perspective.
Nov 21, 2024
Indian lenders, including banks and NBFCs, have provided 37% of Adani group's total debt as of March 2024.
Nov 6, 2024
September quarter results of banks and NBFCs seem to bring back memories of 2018.
Sep 19, 2024
Here's why Shriram Finance share price is on the rise along with other leading NBFC stocks.
Aug 22, 2024
This state-owned company is capitalising on India's transition to a low-carbon economy. Take a look.
Mar 6, 2024
JM Financial becomes the third NBFC to come under RBI's lens in the past one month. Who's next?
Mar 5, 2024
Shares of the company crashed after the RBI barred it from sanctioning and disbursement of gold loans, citing "material supervisory concerns".
Dec 27, 2023
One of the few years when stock markets were not glued to the performance of the business.
Nov 12, 2023
From grey market premium to price band, here's everything you need to know about the upcoming IPO of this NBFC.
Oct 7, 2023
Find out how these two behemoths stack up against each other.
Aug 29, 2023
The stock rallied 7% in June 2023, 16% in July 2023 followed by close to 30% in the current month. What next?
Nov 15, 2024
Do Indian banking and NBFC stocks deserve high valuations? Find out...
Oct 24, 2024
With profitability of small finance banks expected to moderate in FY25, getting a universal banking licence could shake things up in a big way.
Sep 4, 2024
This Bajaj group company is set to hit market next week. From grey market premium to price band, here's everything you need to know.
Apr 17, 2024
As NBFCs continue to garner a large share of the credit economy, we compare the two market leaders on key metrics like growth and profitability.
Mar 6, 2024
Shares of the NBFC fell 5% in intraday trade as its Q3 earnings handed a reality check.
Feb 14, 2024
The government's renewable energy targets will need financing requirements of around Rs 30 trillion out of which Rs 12 trillion will be from power financing NBFCs like IREDA.
Nov 22, 2023
Shares of this PSU have surged over 30% in a month and the momentum isn't slowing down.
Oct 9, 2023
Is it yet another lender trying to lend more at low NPA?
Oct 4, 2023
Is it yet another lender trying to lend more at low NPA?
Aug 1, 2023
From grey market premium to price band, here's everything you need to know about the upcoming IPO.