The equity capital of Rs 500 crore will be strategically deployed across InCred’s core business verticals
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The company recorded a profit after tax (PAT) of Rs 70 crore for H1 FY24
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During the quarter, consolidated loan assets under management increased by Rs 2,694 crore i.e. an increase of 4 per cent QoQ
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These positive growth rates are expected to be witnessed against the backdrop of negative growth seen during the first two quarters of the year
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The top 10 states by Gross Loan Portfolio (GLP) contribute to 83.1 per cent of national GLP, Bihar continue to dominate as the top state by GLP as of June 2023
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The company's total income for the second quarter reached Rs 6,393 crore, marking an increase from Rs 5,796 crore in the corresponding period of the previous year
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The US consumer financial regulator is proposing stricter oversight for tech giants' digital payment services due to insufficient consumer protection.
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The report raises concerns about the quality of underwriting processes and third-party lending practices in Non-Banking Financial Companies (NBFCs) and FinTech firms
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