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Best Picks among NBFCs

Written by Research_Sumit On Monday February 29, 2016 09:47 AM
Best Picks among NBFCs

The most of public sector banks(PSBs) have reported significant decline in their net profits for Q3FY16 orsome have even reported losses due to higher provisioning for grossnon-performing assets following the Assets Quality Review done by RBI. On anaggregate level, the gross NPA ratio of PSBs has increased to 7.2 % in Q3FY16from 5.6% in Q2FY16 whereas private sector banks’ gross NPA ratio has increasedto 2.5% in Q3FY16 from 2.2% in Q2FY16. The provisions made by PSBs in Q3FY16have jumped up by 94% sequentially. The gross NPAs of the six NBFCs (HDFC,Dewan Housing Finance, LIC Housing Finance, GIC Housing Finance, ShriramTransport Finance and Repco Home Finance) on the other hand were marginallylower in Q3FY16 at an average of 1.6% compared to 1.8% in the same quarter lastyear.

 

 

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1 reply
  • NehaMarch 04, 2016 04:59 PMnehapdewani@gmail.comOne of the good report on financing sector and posted on right time but there are many NBFCs which are still growing at a fairly nice clip and available at reasonable valuations and that is not cover in your report like GIC housing Finance..
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