India, Dec. 22 -- Non-banking Financial Companies from a vital alternative credit channel in India, with total credit reaching about Rs 48 trillion in FY25 and a 22% share of the overall credit market. Around 9,300- 9,400 NBFCs are registered with the RBI, and the sector credit has grown at nearly 14% CAGR between FY20-FY25, outpacing banks while deepening Financial inclusion.

With a market capitalisation of Rs 1,76,942.11 crore, the shares of Shriram Finance Ltd were trading at Rs 940.50 per share, increasing around 4.30 percent as compared to the previous closing price of Rs 901.75 apiece.

Brokerage Recommendations ICICI Securities, one of the well-known brokerages in India, has given a 'Buy' recommendation on the NBFC stock with a ta...