In June, India’s shadow banking sector was on the verge of collapse. But three months later, things are looking up for the $370 billion industry.
Despite the challenging macro-economic environment, the shares of leading non-banking finance companies (NBFCs) in India have shown a stellar performance since July. Shares of Bajaj Finance, Chola Investment and Finance, and Mahindra & Mahindra Financial Services, among others, have outperformed BSE’s benchmark 30-stock Sensex.
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