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@article{174456,
        author = {Dhaval Thakor and Dharmendrasinh Parmar and Dr.Tejal Shah},
        title = {A STUDY ON FINANCIAL PERFORMANCE AND GROWTH OF NON- BANKING FINANCIAL COMPANIES},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {11},
        number = {10},
        pages = {3980-3986},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=174456},
        abstract = {Non-Banking Financial Companies (NBFCs) are essential in providing financial services beyond traditional banking, particularly in credit access and investment facilitation. However, their financial performance and growth are influenced by various economic, regulatory, and operational challenges. This study aims to analyze the financial performance of NBFCs, identify growth drivers, and assess key risks affecting their sustainability.
The research employs a quantitative approach, utilizing financial ratio analysis and trend analysis based on secondary data from selected NBFCs. Key performance indicators such as Return on Assets (ROA), Return on Equity (ROE), Net Interest Margin (NIM), and Non-Performing Assets (NPA) are examined to assess profitability, asset quality, and liquidity. The study also considers macroeconomic factors, regulatory changes, and market trends influencing NBFC growth.
Findings indicate that while NBFCs have experienced significant growth due to increasing demand for alternative financing, they face challenges such as rising credit risk, liquidity constraints, and regulatory pressures. The study highlights that efficient risk management, regulatory compliance, and digital transformation are crucial for sustainable growth.
The research provides insights for policymakers, investors, and financial institutions, emphasizing the need for strategic reforms to strengthen NBFCs’ financial health and resilience. These findings have implications for enhancing financial stability and promoting inclusive economic growth.},
        keywords = {},
        month = {March},
        }