Title: Solvency Analysis of Non Banking Financial Companies in Tamilnadu
Authors: Dr. D. VENKADESH, M.Com., M.B.A., M.Phil
Volume: 1
Issue: 7
Pages: 95-103
Publication Date: 2017/09/28//
Abstract:
In recent times, non-banking financial companies (NBFCs) have emerged as substantial contributors to the Indian economic growth by supplementing the efforts of bank and other development financial institutions. NBFCs play a key role in the direction of savings and investments. On the basis of their legal status and their principal activities, the NBFCs have been classified as Loan Company, Hire purchase finance company, Equipment leasing company, Investment Company and Residuary non-banking company. The scope of the NBFCs is fast growing with the multiplication of financial services. Some of the NBFCs are also engaging in underwriting through subsidiary units, and by offering allied financial services including stock broking, investment banking, asset management and portfolio management. In this paper discussed to appraise the solvency of selected NBFCs. Solvency is a vital indicator of economic performance of an economic system. In fact, it is a mechanism for improving the material quality of life. Solvency is fundamental to progress throughout the world. It is at the heart of economic growth and development, improvements in standards of living and quality of life. In this paper mainly focused on branch productivity and employee productivity of selected NBFCs.