Morgan Stanley has initiated ‘Overweight’ ratings on Power Finance Corporation (PFC) and REC, foreseeing significant upside potential of 18% and 22% respectively. The brokerage anticipates these stocks to outperform NBFC peers in asset quality and loan growth.
RBI draft for upper layer non-banks affects CICs disproportionately, raises compliances costs
New Reserve Bank draft on upper layer non-bank finance companies disproportionately impacts core investment companies by increasing compliance costs. Mandatory listing requirements could prove onerous