The Growth Analysis of Major Non ¿ Banking Finance Companies in India - Varun Kesavan - Bog

Non-banking finance companies (NBFCs) form an integral part of the Indian financial system. They play an important role in nation building and financial inclusion by complementing the banking sector in reaching out credit to the unbanked segments of society, especially to the micro, small and medium enterprises (MSMEs), which form the cradle of entrepreneurship and innovation. The non-banking finance companies (NBFCs) have scripted a great success story. Their contribution to the economy has grown in leaps and bounds from 8.4% in 2006 to above 14% in March 2015. In terms of financial assets, NBFCs have recorded a healthy growth¿a compound annual growth rate (CAGR) of 19% over the past few years ¿ comprising 13% of the total credit and expected to reach nearly 18% by 2018 -2019. On the whole this book mainly describes and illustrates about the upcoming future trends and performance of major NBFC¿s in India by analyzing some of the vital financial indicators of major NBFC¿s in India. Hence, from the study it can be concluded that the financial performance of major NBFC¿s in India is really going to witness an exorbitant growth in upcoming future course of action.