IIFL Launches Seed Fund To Invest In Fintech Startups
inc42.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inc42.com Daily Mail and Mail on Sunday newspapers.
iifl fintech fund: IIFL launches dedicated fund to invest in Indian fintech startups
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
IIFL Group, has an advice for lenders on post-Covid growth strategy. He said that this is a time to grow because the economy is bound to bounce back and there will be demand for credit. Edited excerpts:
I am looking at your earnings right now. The one segment that witnessed pain in credit clearly has been retail and you have a high exposure to this segment. How do things stand for the month of July? Is normalcy returning? Is reopening expected to play out for your business as well?
So, 95% of our book is retail and normalcy is definitely returning. We are seeing that collection efficiency in the month of July was better than June and June was much better than April and May. So, things are getting back to normal. The asset classes that we operate in gold loan and home loan these are the two businesses that basically account for dominant part of our asset loan, asset portfolio. They have been doing pretty well. There is a lot of talk about stress and there are some segments, geograp
Time for lending institutions to grow: IIFL Chairman
SECTIONS
Last Updated: Aug 04, 2021, 11:45 AM IST
Share
Synopsis
I would not say that you have to go overboard, but this is a time to grow rather than be cautious, if I have to choose one, I will say we put our strategy on growth and not on caution, said Nirmal Jain, Founder and Chairman of IIFL Group.
Agencies
Nirmal Jain, Founder and Chairman of
IIFL Group, has an advice for lenders on post-Covid growth strategy. He said that this is a time to grow because the economy is bound to bounce back and there will be demand for credit. Edited excerpts: