💨 Abstract

Indian non-bank lender IIFL Finance is expected to see a decline in annual earnings due to reduced net interest margins and increased credit costs, according to Fitch Ratings. The company reported an 8% drop in loan assets under management for the first nine months of the fiscal year and a loss for the same period, compared to a profit a year ago.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖