In an interview to CNBC-TV18, Nidhesh Jain, Analyst at Investec Capital Services shared his views on non-banking financial companies (NBFCs) and also spoke about the deal in the making – IndusInd Bank and Bharat Financial Inclusion.
Expect both Indusind Bank and Bharat Financial to rally post deal, if it happens, said Jain.
Jain is cautious on Bajaj Finance’s valuations. Current levels are tough to justify, he said.
However, he does not see risks emanating for Bajaj Finance currently.