This Article was originally published in The Global Analyst “Investing in a NBFC is like playing European roulette. Investing in NBFC’s is like playing Snakes & Ladders. There is that super long snake in the penultimate cell who brings you back to zero” Saurabh Mukherjea, Marcellus Investment Managers There are 36 banks and 19 NBFC’s that are listed in Indian stock exchange. Both of these important sectors have been embroiled in some controversy or other recently. While non-performing assets has always been a burning issue with banks, the recent case of ICICI Bank and Punjab National Bank are not good advertisements to the sector. Even NBFC’s are in the thick of it through controversies surr

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