Business of finance hits a new high in India

M-cap share of banks and NBFCs at 22.3% of total m-cap, as boom in retail lending continues unabated

Krishna Kant  |  Mumbai 

Lending and borrowing money is now India’s fastest-growing segment, and the successful industry and lenders are the latest darlings of equity investors.  The share of banks and non-banking finance companies (NBFCs) in the total market capitalisation (market cap, or m-cap) of all listed companies is now at an all-time high, as manufacturing companies and non-financial services such as information technology (IT) battle demand slowdown.  Banks and NBFCs, including insurance companies, now account for 22.3 per cent of the combined m-cap – the highest in at ...

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First Published: Sun, September 17 2017. 19:54 IST