Indian non-bank lenders Shriram Finance and Bajaj Finance rise as much as 2.4 per cent and 2.9 per cent, while shadow lenders such as LIC Housing Finance, Muthoot Finance and Jio Financial gain 0.5 percent to 2.5 percent.
SHMF was last up 1.1 per cent, while BJFN reversed gains to trade 0.5 per cent lower.
A CNBC-TV18 report said the Reserve Bank of India is not considering any proposal to cap the tenure or implement a force rotation of the top management of NBFCs, citing sources with knowledge of the matter.
BJFN lost 10 per cent last week, taking its three-week drop to about 18 per cent; SHMF lost a modest 0.4 per cent last week.
In a note dated March 10, 2026, Macquarie analysts led by Suresh Ganapathy said that such a regulation “could impact SHMF, followed by BJFN, and force them to plan for leadership transitions in the near to medium term.”
India’s financials lost 5.7 per cent last week as benchmarks logged their worst week in years and confirmed a correction as crude prices spiked due to the West Asia conflict.
Published on March 18, 2026