NON-BANKING FINANCIAL COMPANIES AND COMMERCIAL VEHICLE FINANCE: A STUDY IN THE MUMBAI REGION

Kishore Chandra Muduli; Prem Bhagwan  Acharya

doi:10.29121/shodhkosh.v5.i1.2024.5925

Authors

Kishore Chandra Muduli (Ph. D. Research Scholar) Pillai College of Arts, Commerce and Science, Department of Commerce (BUSINESS POLICY & ADMINISTRATION) University of Mumbai, Maharashtra, India
Dr. Prem Bhagwan Acharya (Ph. D. Research Guide)Associate Professor & HOD, Dept. of Commerce, JSM College, Alibag, Raigad, Department of Commerce University of Mumbai, Maharashtra, India

DOI:

https://doi.org/10.29121/shodhkosh.v5.i1.2024.5925

Keywords:

Commercial Vehicle Finance, Nbfcs, Mumbai Region, Asset Financing, Transportation Sector, Credit Evaluation, Customer Satisfaction, Financial Inclusion, Loan Performance, Vehicle Leasing

Abstract [English]

This research explores the role and impact of Non-Banking Financial Companies (NBFCs) in providing commercial vehicle finance in the Mumbai region. It delves into the functioning, financing mechanisms, credit policies, customer satisfaction, and market outreach strategies employed by selected NBFCs. With commercial vehicles forming a backbone of trade and transport, especially in metropolitan cities like Mumbai, financing plays a pivotal role in their accessibility. This study aims to understand the strengths, challenges, and current trends influencing commercial vehicle financing by NBFCs, drawing insights from primary data and secondary sources. The findings offer critical suggestions for policy reforms and improved customer service delivery.

References

Reserve Bank of India. (2021–2024). Reports on NBFC sector.

FICCI & KPMG. (2022). Transportation financing in India.

CRISIL. (2023). Report on vehicle financing NBFCs.

ICRA. (2024). Industry outlook: NBFCs and asset financing.

Mahindra Finance & Shriram Transport. (n.d.). Annual reports.

Narayan, A. (2019). Credit risk in NBFCs. McGraw Hill.

Tiwari, R. (2021). NBFCs and Indian economy. Himalaya Publishing.

Reserve Bank of India. (2018–2024). Master directions and circulars on NBFCs.

Government of Maharashtra. (n.d.). Reports on urban transport infrastructure.

World Bank. (2021). India transport sector report: Trends and financing options.

Ernst & Young India. (2023). Emerging trends in vehicle financing and leasing market.

Reserve Bank of India. (2022). Financial stability report: Role and risk of NBFCs in India.

Sundaram Finance Ltd. (2022). Annual financial and operational review.

Mahindra Finance Ltd. (2023). Annual report: Asset-based lending in transportation.

Shriram Transport Finance Co. Ltd. (2023). Annual sustainability and credit risk assessment report.

Indian Banks’ Association, & NITI Aayog. (2021). Credit and financing landscape in Indian transport sector.

Organisation for Economic Co-operation and Development. (2022). Financial inclusion, asset financing and the role of NBFCs in developing countries.

Mint. (2023, July). NBFCs’ role in commercial vehicle growth surges post-pandemic. Mint.

McKinsey & Company. (2023). Digitization in Indian lending: New frontiers for NBFCs.

Indian Banks’ Association, & FICCI. (2023). Best practices for lending to the commercial vehicle sector.

Indian Journal of Finance. (2022). Comparative analysis of loan performance of NBFCs and banks in CV financing. Indian Journal of Finance, 16(4), 24–31.

International Journal of Applied Finance. (2021). Risk-return analysis in NBFC-based asset financing. International Journal of Applied Finance, 13(2), 44–52.

Journal of Transportation Economics and Policy. (2020). Commercial vehicle lending and microfinance in India. Journal of Transportation Economics and Policy, 54(3), 203–219*.