Mumbai (Maharashtra) [India], February 24 (ANI/NewsVoir): Fullerton India Credit Company Limited (Fullerton India), one of the leading NBFCs in the country, reported a profit of Rs 551 crores for the third quarter of FY23. Total Disbursals stood at Rs 19,500 crores, a jump of 41% companies to the corresponding quarter last year. The growth story has been inked under the leadership of Shantanu Mitra, who returned from his retirement to take over the reins of the firm at the start of FY22. Post his rejoining, much of the erstwhile senior leadership team was brought back that has played a pivotal role in making the company profitable. Speaking on the overall performance, Shantanu Mitra, CEO & MD, Fullerton India and Chairman & Non-Executive Director, Fullerton India Home Finance Company (Grihashakti) said, "Our performance of FY22 and in three quarters of FY23 echoes our deep commitment to our customers and our ability to focus on one Fullerton P&L. From a loss of over Rs
The Company said that it has raised the loan at a margin of 122 basis point over the SOFR (Secured Overnight Financing Rate) for a tenor of 5 years from Sumitomo Mitsui Banking Corporation (SMBC) Singapore.
With the aim to mainstream gender and disability inclusion in urban development, the Building Accessible, Safe and Inclusive Indian Cities (BASIIC) programme of the National Institute of Urban Affairs (NIUA) under the aegis of the Ministry of Housing
The programme will offer Paytm Postpaid, a buy-now-pay-later scheme, to million so consumers on the platform while also utilising Fullerton’s deep risk assessment capabilities and scale.