Wow !!
you thought NBFC Business was that easy ??
Check History of SKS Microfinance
Check History of Bandhan Bank
If somehow you can link cost of Capital with it i can still understand hesitantly .
Even with Deep pockets likes of HDFC or SBI don’t jump the path.
NBFC needs lot of local understanding, it’s not like you give money and money works for you.
You have to sit with people work with people to thrive. And this sector can go NPA route based on any out of Normal event.
Covid: NPA
Chennai Flood: NPA
Multi District Riots: NPA
Local Outrage\Non Obligation\Suicide if pressured\ Politics : NPA
Sorry If i offended you.
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