– NBFCs play a crucial role in lending to underserved sectors like MSMEs and rural markets. – They complement the banking sector with niche offerings and faster services.
Bajaj Finance
– Focus: Personal loans, EMI financing, and wealth management. – Why It’s Promising: Consistent growth, high asset quality, and digital-first initiatives.
Muthoot Finance
– Focus: Loans against gold and small-ticket lending. – Why It’s Promising: Strong presence in rural markets and resilient performance during economic fluctuations.
Cholamandalam Investment and Finance Company
– Focus: Vehicle loans, home loans, and SME lending. – Why It’s Promising: Well-diversified portfolio and strong rural penetration.
LIC Housing Finance
– Focus: Affordable housing loans and project financing. – Why It’s Promising: Growth in housing demand and supportive government policies.