Pune: Poonawalla Fincorp has announced a 159% increase in its total disbursements for the quarter ended December 31 to Rs 8,730 crore compared to Rs 3,369 crore a year ago. Its assets under management stood at Rs 21,850 crore as of December 31, higher by 57% a year ago.
The company is aiming to maintain its net non-performing asset (NPA) ratio below 1%, a statement said. The lender reported gross NPA ratio at 1.36% while its net NPA ratio was at 0.72% during Q2FY24.
The company’s liquidity stands at Rs 2,875 crore as of December 31.
The company is scheduled to declare its quarter ended results on January 18. TNN
