Canfin mostly lends to salaried class and even in non salaried class it lends to what people would call safe clientele. But bcos of that the margins are less than Repco. Whereas Repco lends to non salaried class and is able to charge higher rates and hence has higher NIMs.
And in a query to why Repco commands higher valuations its mainly to do with higher ROA as compared to other players like Canfin and GIC etc. Only GRUH comes close to it in terms of ratios.
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