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INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016 open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15 |
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| Paper Title: | Financial Performance of Non Banking Financial Companies in India |
| Authors Name: | Rahul Chakravarty |
| Unique Id: | IJSDR2307056 |
| Published In: | Volume 8 Issue 7, July-2023 |
| Abstract: | Non-banking financial companies (NBFCs) weathered the pandemic supported by various policy initiatives. They built up financial soundness during 2021-22, marked by balance sheet consolidation, improvement in asset quality, augmented capital buffers and profitability. In the second wave of the pandemic during 2021-22, the disruption to economic activity was limited due to adoption of localized and region-specific containment policies and the steady pace of vaccination. Contact intensive segments and smaller businesses in the NBFC sector were however, hit hard and faced asset quality and liquidity stress. As the impact of the second wave waned and the third wave turned out to be short-lived, the NBFC sector regained momentum, cushioned by pro-active policy measures announced by the Reserve Bank and the government. |
| Keywords: | NBFCs, Growth, ROA, Finance |
| Cite Article: | "Financial Performance of Non Banking Financial Companies in India", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.8, Issue 7, page no.401 - 405, July-2023, Available :http://www.ijsdr.org/papers/IJSDR2307056.pdf |
| Downloads: | 000338536 |
| Publication Details: | Published Paper ID: IJSDR2307056 Registration ID:207662 Published In: Volume 8 Issue 7, July-2023 DOI (Digital Object Identifier): Page No: 401 - 405 Publisher: IJSDR | www.ijsdr.org ISSN Number: 2455-2631 |
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