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...
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India's Automobile - Market Recovery and Opportunities in INR Bonds
In the first of our local currency bond series, we look into Indian INR bonds in the auto finance industry in India. We believe there are some...
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India Liquidity Update: Widening Crisis of Confidence, NBFCs and Developers Struggle for Liquidity
India’s financial markets are witnessing the highest number of liquidity issues since the global financial crisis. These include IL&FS, Dewan...
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India – Deposit Flight?
Credit quality is the over-riding risk for India’s banks. Low capital is a compounding risk. As the situation worsens, deposit flight is a very...
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India Selected Topics: Opportunity in NBFCs, RBI Mandate and Election Spending Pick Up
Derating of the financial sector and NBFCs, in particular, has thrown up some good opportunities for investors in this space as the market is...
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