One business segment that is doing extremely well is non-banking finance. NBFCs (non-banking finance companies) were down in the dumps in the 1990s and early part of the 2000s but those that have survived have come out stronger. Indeed, while asset-based lending may look like a commodity business, each of the major NBFCs today has an edge either in product segment or territory, due to historical reasons. As a result, they look different from each and other and several of them are worth investing in. Here is a quick snapshot of the major ones.
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