Indian Fincos - Focusing on Liquidity
We look at USD denominated bonds issues by four Indian finance companies as yields on all these bonds have risen on the back of the sell off in the...
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Manappuram Finance Ltd. - A "Golden" Opportunity
We like the 5.9% bonds due 2023 issued by Manappuram Finance (MGFL IN) . We like the company's primary business (making loans collateralized by...
619 Views
LIC Housing – Dizzying Gearing, Soaring Bad Loans
The risks are obvious even if it’s housing lending. Debt/equity is 996% for LIC Housing Finance (LICHF IN), higher than any other NBFC in India as...
596 Views