Kirloskar's NBFC turns focus to MSME loans to reduce risks
Arka Fincap, a Kirloskar Group-owned NBFC, is shifting its focus towards MSME loans to reduce wholesale credit risk. They aim for MSME loans to constitute 70% of their total portfolio, up from the current 50%, with a target to increase this to 75%. The NBFC, which has doubled its total loan book to ₹5,300 crore, plans to grow it further to ₹7,500 crore by FY25, with a significant portion from MSME lending.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
