Brace yourself for more NPA declarations from NBFCs
The fancy valuations at which NBFCs were raising money or were trading will come down to earth, says Srini Sriniwasan of Kotak Investment Advisors
Mumbai: In a video interview with Mint for the Mint Insights series, Srini Sriniwasan, managing director at Kotak Investment Advisors, said valuations of non-banking finance companies (NBFCs) in India will witness a correction against the backdrop of a liquidity crunch due to the crisis at Infrastructure Leasing & Financial Services Ltd (IL&FS) and the likelihood of tighter regulations.
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