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Truhome Finance, supported by Warburg Pincus, is preparing for a public listing in the next financial year. The company aims to secure the position of the second-largest affordable housing financier in India. Truhome Finance expects significant growth in its assets under management.
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News and Media
Indian banks witnessed their first operating profit decline in 13 quarters during July-September, primarily due to sluggish net interest income growth. This dip, a 1% year-on-year fall to 1.5 lakh crore, stemmed from faster loan repricing downwards than deposits, squeezing margins. Analysts anticipate this contraction phase is nearing its end, with stabilization expected soon.
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News and Media
The microfinance sector is prioritizing asset quality stabilization and cautious credit expansion, implementing guardrails like limiting lenders per borrower to three and capping household loan exposure at 2 lakh. These measures have led to a stabilizing portfolio and consistent repayment behavior, with gross loan portfolio contracting and short-term delinquencies falling.
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News and Media
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