NBFC stocks to buy: Don't paint them with same brush: 4 NBFCs with strong parentage, 3 with upside potential of up to 25%
It started with RBI asking for higher provision for unsecured credit by NBFC and banks, then the housing finance sector came under the lens and tighter provision for raising debt. Then it was the turn of micro finance companies. But then came action in two companies, in both cases companies were stopped from doing a part of their business. This where the street got jittery and there was a sharp decline in all the NBFC stocks. The reason, the two orders from RBI brought back the memories of 2018, when the RBI action on a private bank and one housing finance company, created a mayhem on the stre...