NBFC’S : What to expect ?
DSIJ Intelligence / 28 Mar 2017
Demonetisation had huge impact on almost every industry and NBFCs are no different. After the below average results in Q3, the NBFC sector expects recovery in the upcoming quarter.
Demonetisation had huge impact on almost every industry and NBFCs are no different. After the below average results in Q3, the NBFC sector expects recovery in the upcoming quarter.
However, some of the companies were successful in reducing impact of demonetisation with advanced technologies and cashless transactions. These companies have successfully maintained good GNPA and NNPA levels. Two of these companies are Gruh Finance whose GNPA and NNPA levels stand at 0.54% and 0% in Q3FY17, respectively, and SKS Microfinance whose GNPA is 0.06% and NNPA stands at 0.03%.
The industry expects recovery majorly due to BS-IV emission norms, which will be implemented from April 1, 2017. These emission norms will have major impact on heavy commercial vehicles (HCVs). Shriram Transport Finance’s management expects that vehicle prices will be increased by Rs.50000-Rs.200000 from April 1, 2017, and this will incentivise many people to pre-buy new vehicles in the month of February and March, which will increase disbursements of NBFCs.
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