IIFL’s Management Commentary (Some of the pointers)
Liquidity has been tight and interest rates have peaked. However, the impact on IIFL has not been as much. It is expected that the interest rate will start declining in the later part of CY24.
Toward AIF, IIFL has taken ~INR400m provisions in 3Q and it also did ~INR100m in provisions in 2Q (from the standalone entity).
The digital loans segment continues to see forward flows from the lower-ticket personal loans, which were done in partnership with fintechs in FY23.
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