Challenging environment ahead for NBFCs: Alok Nanavaty, Centrum Broking
It is going to become a very competitive and challenging environment especially with interest rates having risen and possibility of further 50 to 75 bps raise in the coming months.
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| In a chat with ET Now, Alok Nanavaty, Director, Centrum Broking Pvt. Ltd., shares his stock ideas.
What is your own sense about the NBFC space?
It is going to become a very competitive and challenging environment especially with interest rates having risen and possibility of further 50 to 75 bps raise in the coming months. It is going to be a challenging environment for NBFCs as well as those focussed in both real estate and consumer durables spaces. So, it is not going to be as smooth a sailing as we have seen in the FY2010-2011 vis-à-vis year 2011-2012.
What is your own sense about the NBFC space?
It is going to become a very competitive and challenging environment especially with interest rates having risen and possibility of further 50 to 75 bps raise in the coming months. It is going to be a challenging environment for NBFCs as well as those focussed in both real estate and consumer durables spaces. So, it is not going to be as smooth a sailing as we have seen in the FY2010-2011 vis-à-vis year 2011-2012.
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