It’s a classic example of Financial Jugglery nothing more than that…
Pick up any small bank PSU or pvt their profits are at sky high , why because it’s sweetest and longest credit cycle ever (Words of Uday kotak).
Same thing with Arman , they have JLG model, they lend in chain 1St 30k then 60k then 90k and so on. It’s a endless process , if someone has courage then it’s will never stops.
But if music stops , any black swan event happened they will lost 40%+ of their AUM.
So don’t see what they r showing,try to see what they r not showing.
Disc. SOLD And Shifted to credit access and MAS.
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