Non-bank lender IIFL Finance Wednesday reported a 29% growth in net profit to ₹545 crore for the December quarter on higher loan sales and resultant interest income, cushioning the impact of higher regulatory charges
Get latest articles and stories on Latest News at LatestLY. Non-bank lender IIFL Finance Wednesday reported a 29 per cent growth in net profit to Rs 545 crore for the December quarter on higher loan sales and resultant interest income, cushioning the impact of higher regulatory charges. Latest News | IIFL Finance Net Profit Rises 29 Pc to Rs 545 Cr in Dec Qtr.
“If any of your debtors who are under stress and if you are moving into an AIF, now either you would need to offload them within 30 days, liquidate it entirely or you make a 100% provision and the mandate is that those debtors who were in your book in the previous 12 months before you move in into an AIF structure.”
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