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Why Big Indian Corporates Are Enhancing Their NBFC Divisions? MINT Explains
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On Wednesday Mahindra group acquired 3.35% stake i... moreOn Wednesday Mahindra group acquired 3.35% stake in RBL bank.
The Mahindra group's stake buy is a reflection of a larger trend where big Indian corporates are voyaging into the financial lending space through NBFC route. This is because the Indian credit demand is set to grow at a CAGR of 12%.
Burgeoning & young middle class presents a unique case. All major corporates want a share of that .
Mint explains.
. Read more on livemint.comAbout this in other media
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