NBFC stocks mixed ahead of RBI board meet

NEW DELHI: Shares of non-banking financial companies (NBFCs) were trading mixed in morning trade on Monday ahead of the much speculated Reserve Bank of India board meeting.

The board of the central bank will meet today to discuss a host of issues including the necessity for a special liquidity window for NBFCs and MSME credit to the central bank's reserves.

Of the 18 members on the board, five are from the RBI, including four deputy governors. The remaining are nominated and include economic affairs secretary Subhash Chandra Garg and Tata Sons chairman N Chandrasekaran.


Worried about NBFCs having frozen lending due to fears of a liquidity crunch, the government is determined to break the logjam that’s causing a credit squeeze for micro, small and medium enterprises (MSMEs), which employ millions, ET reported.

Shares of Motor & General Finance (up 10.88 per cent), Dolat Investments (up 9.90 per cent), Sahara Housing (up 9.76 per cent), Pankaj Piyush Trade & Investment (up 8.58 per cent) and LKP Securities (up 6.82 per cent) were among the top gainers in the NBFC space.

Joindre Capital Serivces (down 10 per cent), TCI Finance (down 9.91 per cent), Shalibhadra Finance (down 7.36 per cent), Comfort Intech (down 6.19 per cent) and Pioneer Invest Corp (down 6.10 per cent) were among the top NBFC losers.