Friday, October 8, 2010

NBFCs profit growth outpaces rise in total income

NBFCs profit growth outpaces rise in total income

Having worked and taught for nearly four decades in the banking and financial services industry, I feel very happy about this report. Once referred to as 'four letter' outfits indulging in all types of financial juggleries while the commercial banking system was undergoing reforms during the previous decade, NBFCs have come a long way in competition with their counterparts.

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