Vineet Bhatnagar positive on NBFC space

Vineet Bhatnagar, Managing Director at Phillipcapital told CNBC-TV18, "The non-banking financial companies (NBFC) space looks very good as we move towards a larger thematic of affordable housing because affordable housing as a theme which will of course play out over a longer period of time over the next two-three years, one of the beneficiaries of that affordable housing will be NBFCs. The reason is because of the small ticket loans which they can give to the mid-income group."

"From that perspective, names like Power Finance Corporation Limited (PFC) and Mahindra & Mahindra Financial Services look very good. We are very positive on the NBFC space with a two year horizon," he added.