A Study on NBFC in India: Peerless Financial Service Limited

Financial Economics

Peerless takes pride in its humble beginnings as Peerless Finance is part of the Kolkata-based Peerless Group Established in 1988; it is an NBFC registered with RBI. Peerless Finance, for the past 35 years has been striving to carry forward the legacy of its parent, driven by values, transparency, and integrity, with the sole objective of total customer satisfaction and service delivery on the customer's doorstep. Some of loan product offerings are Loans to Professionals, Equipment Finance, Loan Against Salary, and Business loans. This study analyses the changing patterns of the total amounts sanctioned in the first quarter of FY 2022-23 by Peerless Financial Services Limited (PFSL). Further, the paper has also aimed to analyse the determinants that influence the Interest accrued by Peerless Financial Services Limited. To measure the mentioned changes, cross-sectional secondary data was collected from the database of Peerless Financial Services Limited. The data collected has been analysed using MS Excel and Stata 11.1. The study's findings reveal that sanctioned amount, number of days, and rate of Interest significantly affect the Interest accrued. The firm is very young in the field NBFC presently but it is growing at a very pace.

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