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Despite a stellar 4000% return in the last 10 years, the NBFC stock Bajaj Finance has been underperforming in recent times. Will its performance improve? Here's what technical and fundamental experts say.
Indian non-bank lenders are exploring alternative options for loan disbursal amid concerns over the regulatory issues surrounding Paytm, which has led to a temporary halt in its lending services. While lending partners have not terminated contracts with Paytm, they are reportedly seeking alternatives due to uncertainty about when lending services might resume through the Paytm app.
Digital NBFC, FlexiLoans, has been making profits on a monthly basis since September 2022 and achieved net profitability in FY23.
Ahmedabad-based MAS Financial Services, a micro, small, and medium enterprises (MSME) financer, has seen significant growth in its loan assets and stable asset quality. The company expects to double its loan book every three to four years and aims to reach over Rs 10,000 crore in assets under management (AUM) by September 2023. MAS Financial Services has a strong presence in Gujarat and plans to increase its loan disbursement through direct distribution. Analysts predict an annual AUM growth of 25% for the company between FY23 and FY25.
Shadow banks in India are experiencing a surge in growth as they diverge from their counterparts in China. Mukesh Ambani's Jio Financial Services made its stock-market debut with a $19 billion valuation, while Bajaj Finance is the market leader with 29-31% asset growth. In contrast, shadow banking in China is facing a liquidity crunch due to a real estate slump.