Shachindra Nath, Vice Chairman and Managing Director of Ugro Capital, a small business lending fintech platform, anticipates disbursements in the range of ₹9,000-10,000 crore for the upcoming financial year.

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“This year-end, we should be around ₹9,000-10,000 crore and that is a function of our ₹550 crore of average disbursement per month of which 50% is an off-balance sheet and 50% is on the balance sheet.”

Nath expects the net interest margin (NIM) to remain steady and credit costs to be around 2%.

The company's restructured book is marginal and no additional stress is anticipated to arise from this segment.

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Earlier this month, the company announced a 73% year-on-year (YoY) rise in assets under management (AUM) to ₹7,590 crore.

According to a business update for the second quarter filed with the exchange on October 10, the non-banking financial company (NBFC) reported a 52% YoY increase in gross loan origination, amounting to ₹2,500 crore. Net loan origination was 34% higher YoY at ₹1,470 crore.

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Back in August, Nath shared with CNBC-TV18 that approximately 30% of their loans are categorised as unsecured, while the remaining 70% are classified as secured, underscoring the diverse nature of their loan portfolio.

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(Edited by : Shweta Mungre)