In an interview with CNBC-TV18, R Sreesankar, Head-Institutional Equities at Prabhudas Lilladher shared his readings and outlook on market fundamentals.
The brokerage house believes that the NBFC is taking the right steps and there will be short-term pain due to them, but in the long run it will be a positive for it.
Rashesh Shah of Edelweiss Financial Services believes the market seems to be settling at a fairly strong base. He now sees strong credit growth coming from outside of the banking arena.
Shrugging off the effects of demonetisation, collections in securitised pools of vehicle loan receivables rated by Crisil saw a sharp recovery in January, going by payouts made in February.
The microfinance institution, in an analysts call, said that around 4.5 percent of its loan portfolio faces a risk of turning bad in Q4.
Retail investors are quietly lapping up stocks without ostensibly creating any noise and that indicates the market could be "in the midst of a very powerful rally", feels N Jayakumar, President of Prime Securities. He does not believe the market is "frothy" and sees a floor for the Nifty at 8,500.
Chandra Shekhar Ghosh, MD and CEO of Bandhan Bank, tells Moneycontrol that banking in India is still heavily reliant on personalised touch and digital banking will take time to catch on.
Manappuram Finance surged 13% in early morning trade after the company recorded an over two-fold jump in its consolidated net profit in the third quarter.
Speaking to CNBC-TV18, Ashish Damani, Chief Financial Officer at Bharat Financial Inclusion, said the microfinance company is working on a cashless model.
In an interview with CNBC-TV18 Deepak Kesarkar, Minister of State for Home, Maharashtra said that there have been several complaints from districts across the state regarding harassment of women by MFIs.
"The fresh round of investment will help the company further strengthen its business in unbanked sectors including affordable housing finance, small business, vehicle finance, agriculture finance, microfinance...," it said.
"The aggregate GLP of MFIs stood at Rs 57,941 crore in the second quarter of the financial year 2016-2017 as compared to Rs 31,551 crore in the same period last year," Microfinance Institutions Network (MFIN) said in a report today.
"Over the last ten years, we have established a huge amount of capability to manage business at microfinance, used commercial vehicle (CV) finance or micro and small enterprise (MSE) finance segment. It is almost 70-80 percent of our clients. We are the only lender to them", PN Vasudevan, MD of Equitas Holdings told CNBC-TV18.
Currently, we are in a bounce and the bull market will began after Nifty touched 9100, which will happen next year, Harendra Kumar of Elara Capital said adding that new bets on the market will be placed then.
Au Financiers, one of the 10 in-principle licensees of small finance banks, is expecting the final approval from Reserve Bank by December and to launch operations by April.
One should look at spaces that are outside the Nifty 50, where there are many interesting stories coming up, said Rajat Rajgarhia, MD-Institutional Equities, Motilal Oswal Securities.
Primarily a gold loan company based in Kerala, Manappuram Finance has now diversified into other financial business also like microfinance, vehicle and housing finance, and SME lending.
Country's microfinance industry pegged at Rs 63,853 crore in 2015-16, posting a growth of 60 percent year-on-year, said a report.
The Microfinance Institutions Network's (MFIN) report also said that the microfinance industry has experienced a growth of 89 percent since first quarter of 2015-16.
Tata and Nilekani are bringing in their investments from their respective philanthropic capital, and any gains will be reinvested in philanthropic causes, Tata Trusts said in a statement.
Ramesh Sobti, MD & CEO of IndusInd Bank is confident of the net interest margin crossing 4 percent in the coming quarters from 3.97 percent posted in the first quarter and 3.94 percent in the same quarter last year.
CLSA maintains a buy on IndusInd Bank and increases its target price to Rs 1330. It sees the bank growing at a compounded annual growth rate of 27 percent over the next three fiscal years.
"The board of directors in their meeting held on June 30, has considered and approved to increase in limit of investment by foreign portfolio investors in the equity shares of the company from 24 percent to 49 percent of the paid-up equity share capital of the company," the company said in a regulatory filing.
Satin Creditcare Network, the microfinance lender on June 27 said it plans to raise Rs 100 crore by issuing bonds on a private placement basis
SKS Microfinance on June 13 said the name of the company has been changed to Bharat Financial Inclusion Ltd.