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Home, SME and MFI loans key growth drivers, says IIFL
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Home, SME and MFI loans key growth drivers, says IIFL
May 4, 2018 3:48 AM

"All the three business that is non-banking financial company (NBFC), wealth and capital market have contributed to the growth of the company," said Prabodh Agrawal, Group Chief Financial Officer, IIFL.

He said NBFC assets grew 40% year on year and the company will continue with its focus on small-ticket granular loans.

“The three key drivers of growth would be home loan, small and medium enterprises (SME) loans and microfinance institutions (MFI) loans,” said Agrawal.

He said, "85% of book is retail, 40% is priority sector lending compliant."

Meanwhile, the asset under management (AUM) in wealth business is at Rs 1.31 lakh crore and cater to about 10,000 high networth individuals (HNI), said Agrawal, adding that there is huge growth potential for this segment.

Going forward, he said the company would look to raise capital in the next 4-5 quarters. Although, the group net worth is Rs 6,500 crore and they are adequately capitalised.

First Published:May 4, 2018 12:48 PM IST

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