NBFC stocks rise ahead of RBI meet

DECCAN CHRONICLE.
Published Dec 5, 2018, 12:23 am IST
Updated Dec 5, 2018, 12:23 am IST
NBFC stocks had rallied on Monday too after RBI last week relaxed guidelines on securitisation transactions for NBFCs.
Also reports said that liquidity situation was better now than it was in October which is a good news for the NBFCs.
 Also reports said that liquidity situation was better now than it was in October which is a good news for the NBFCs.

Mumbai: Non-Banking Finance Companies (NBFCs) stocks, on Tuesday, made further gains expecting more liquidity improvement measures from the RBI in its December monetary policy review meeting to be announced on Wednesday.

NBFC stocks had rallied on Monday too after RBI last week relaxed guidelines on securitisation transactions for NBFCs.

 

Also reports said that liquidity situation was better now than it was in October which is a good news for the NBFCs.

A.P. Shukla, president, Joindre Capital Services said, “NBFC stocks are in action as on Wednesday. RBI governor may announce some measures to further improve liquidity in the banking system during the media briefing.”

Hemang Jani, head — Advisory, Sharekhan by BNP Paribas said, “NBFC stocks remained in the limelight as last week after RBI relaxed guidelines on securitisation transactions for NBFCs.”

The top NBFC gainers included Dewan Housing Finance (2.53 per cent), Indiabulls Housing Finance (2.68 per cent), Shriram City Union Finance (4.27 per cent), Edelweiss Financial Services (4.98 per cent) and Magma Fincorp (2.30 per cent).

An assessment of the liquidity scenario of the banking and financial system for the week ended Nov. 30 by Care Rating showed that the banking system continued to be faced with a liquidity deficit in the week ended Nov 30, making it the 8th consecutive week wherein the system liquidity has been stressed/above neutral.

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT