RBI Announcement - Positive for Fincos' Liquidity
Today's announcement of a slew of measures by the Reserve Bank of India to get credit flowing through the economy while providing a breather for...
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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...
449 Views
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...
577 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...
543 Views
Shift Exposure From EAFE to EM
We are recommending a shift from developed international markets (EAFE) to emerging market equities, as the MSCI EM index is breaking topside...
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