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Journal of Social Welfare and Management 17(2):p 95-102, May- Aug 2025. | DOI: 10. 21088/jswm.2454.7964.11125.3
Original Article
Assessment of Performance of some Selected Asset Finance Companies in India
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Attribution-Non-commercial 4.0 International (CC BY-NC 4.0)This license enables reusers to distribute, remix, adapt, and build upon the material in any medium or format for noncommercial purposes only, and only so long as attribution is given to the creator.
Journal of Social Welfare and Management 17(2):p 95-102, May- Aug 2025. | DOI: 10. 21088/jswm.2454.7964.11125.3
How Cite This Article:
Akbar R, Ghosh S. Assessment of Performance of some selected Asset Finance Companies in India. J Soc Welfare Manag. 2025;17(2):95–102.Timeline
Received : June 26, 2025
Accepted : August 04, 2025
Published : August 08, 2025
Abstract
Non-Banking Financial Companies (NBFCs) registered under Companies Act 1956 (now 2013) and engaged in activities similar to banks but do not hold a banking licence. NBFCs provide financial services to unbanked population and have gained significant importance in Indian economic growth. The present study attempts to examine the variation in performance of selected NBFCs mainly emphasizing on Asset Finance Companies (AFCs), in respect of liquidity, profitability and efficiency over the period of 2006-2022. The study employs One-way ANOVA test followed by a post hoc test. The study concludes that there was no difference in liquidity performances among the selected AFCs; however there was significant differences in profitability and efficiency among the selected companies.
References
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- 2. Basu, T. (2019). Financial Performance of NBFCs – A comparative study on selected investment and assets finance companies. In RRIJM 2015, Research Review International Journal of Multidisciplinary: Vol. Volume-04 (Issue Issue-06). https://old.rrjournals.com/ wp-content/uploads/2019/06/923-929_ RRIJM190406192.pdf.
- 3. Paul, P. (2011). Financial performance evaluation-A comparative study of some selected NBFCs. Indian Journal of Finance, 5(5), 13-22.
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- 5. Ray, P., Das, S., Gupta, R. P., Department of Commerce, & University of Calcutta, Kolkata, India. (2020). An Empirical Study to Analyse the Performance Variation among Top Five Indian NBFCs Regarding Several Operational Parametres. In International Journal of Creative Research Thoughts (IJCRT) (Vol. 8, Issue 7, pp. 3862–3863) [Journal-article]. https://ijcrt.org/ papers/IJCRT2007401.pdf.
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Data Sharing Statement
There are no additional data available.
Funding
This research received no funding.
Author Contributions
All authors contributed significantly to the work and approve its publication.
Ethics Declaration
This article does not involve any human or animal subjects, and therefore does not require ethics approval.
Acknowledgements
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Conflicts of Interest
The authors report no conflicts of interest in this work.
About this article
Cite this article
Akbar R, Ghosh S. Assessment of Performance of some selected Asset Finance Companies in India. J Soc Welfare Manag. 2025;17(2):95–102.
Licence:
Attribution-Non-commercial 4.0 International (CC BY-NC 4.0)This license enables reusers to distribute, remix, adapt, and build upon the material in any medium or format for noncommercial purposes only, and only so long as attribution is given to the creator.
| Received | Accepted | Published |
|---|---|---|
| June 26, 2025 | August 04, 2025 | August 08, 2025 |
DOI: 10. 21088/jswm.2454.7964.11125.3
Keywords
NBFCAFCANOVEROAROEALRWCTRSearch for Similar Articles
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Timeline
| Received | June 26, 2025 |
| Accepted | August 04, 2025 |
| Published | August 08, 2025 |
licence
Attribution-Non-commercial 4.0 International (CC BY-NC 4.0)
This license enables reusers to distribute, remix, adapt, and build upon the material in any medium or format for noncommercial purposes only, and only so long as attribution is given to the creator.
