Bajaj Finance, L&T Finance poised to benefit as NBFC earnings recovery broadens: Siddhartha Khemka

August 29, 2026

India’s NBFC sector is showing signs of a broad-based cyclical recovery, with FY27 first-quarter results pointing to stronger loan growth, improving asset quality, lower credit costs and emerging operating leverage. Earnings estimates are also being upgraded, raising expectations of sustained profitability and a potential valuation re-rating across leading lenders.

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