The PMS, which has Rs 4,000 crore worth AUM, shared a note on 94 listed firms that changed their names to accommodate the latest trend in the market. Their stocks made a 124% average annualised return in 2023!
Microfinance loans constitute a majority share of SFBs loan portfolio, barring a few exceptions like AU and Equitas. The confusion arose because the regulator categorically exempted microfinance and self-help group loans from the requirement of higher capital allocation for non-banking finance companies (NBFCs) while it remained silent about the status of microfinance loans for banks including SFBs.