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This Article is From Apr 05, 2024

NBFCs Q4 Results Preview - Loan Growth Strong; Rising CoF An Impediment To NIM Expansion: Motilal Oswal

NBFCs Q4 Results Preview - Loan Growth Strong; Rising CoF An Impediment To NIM Expansion: Motilal Oswal
A person counts Indian five-hundred rupee banknotes. (Photo: Radha Raswe/NDTV Profit)
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NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

We expect ~6% YoY growth in assets under management for our coverage housing finance companies universe, including both affordable and other HFCs.

Vehicle financers are projected to report ~26% YoY AUM growth. Gold lenders (including non-gold products) are likely to record ~19% YoY growth.

Non-banking financial company-MFIs are forecasted to post ~29% YoY growth, while diversified lenders are expected to deliver ~28% YoY growth in AUM.

For our coverage universe, we estimate a loan growth of ~20% YoY/~5% QoQ in Q4 FY24. While the strong loan growth was broad-based, select micro-financers and small-ticket personal loan lenders continued to calibrate their growth.

Click on the attachment to read the full report:

Motilal Oswal BANKS NBFCs Q4FY24 Results Preview.pdf
VIEW DOCUMENT

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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