@amitayu My comment was in general to canfin and pnbhfl where before comparing book value numbers etc, it is more important to see distribution of lending.
@sgjaclyn Depending on mgmt words is proportional to amount of trust one has in management based on his own experience of tracking Personally, I have never tracked this company as a stock,so, no comments here
@pranav_pratap I have been a customer of this company from past 3 years. During 2013-15 when real estate was going through bad times, lot of developers tied up with real estate financing companies and launched double your money kind of schemes. The arrangement was it is buyer who gets 100% loan amount in advance, takes all the credit risk, passes it to builder. Builder assures that equity money given by buyer will double in 3-4 years and after 3-4 years it is up to buyer whether he wants to retain the flat or take double money (no one suffers, only buyer suffers if things go wrong. Developers get lot of money at the credit risk of buyer else he would have got same loan at 18-20%, financier gets great way to show stupendous growth). Flow 3 years down the line, some of the projects are not closed to delivery,so, buyers fighting with builder and financier. Those who want to retain home may want to shift from NBFC to SBI (buyer had to get loan from a specific NBFC as a part of arrangement). Those who want to get double money are fighting with developers in many cases as it was pipe dream. I am not sure how much exposure of overall lending portfolio each of such NBFCs participating in these schemes have/had and hence can not comment on overall lending quality. However, PNBHFL was involved in some of projects in Bangalore Mantri webcity phase 2 and 3 under similar scheme