LIC Housing – Dizzying Gearing, Soaring Bad Loans
The risks are obvious even if it’s housing lending. Debt/equity is 996% for LIC Housing Finance (LICHF IN), higher than any other NBFC in India as...
429 Views
Global Equity Strategy: More Cracks Begin to Show
Adding to last week’s concerns reiterated above, additional developments which have further dampened our overall outlook include a breakdown in the...
442 Views
India Banks – Consumer and Mortgage Also a Risk
As new numbers are released, we have a better glimpse of where we are in the bad loan cycle, and the data is not reassuring. And we see that it is...
403 Views
Can Fin Homes- 2QFY19- Spreads to Improve over the Next 4 Quarters
Can Fin Homes (CANF IN) reported 2QFY19 PAT in line with our estimates. Disbursements grew by 7% against our estimates of 12%. Loan book grew at...
314 Views
Why RBI Didn't Raise Rates Yesterday: NBFCs Are Facing Credit Squeeze
NBFC sector is facing a credit squeeze that has grown so acute over the last month that it is forcing major players to curtail/stop...
409 Views