Synopsis: Piramal Enterprises reported a 170.6 percent QoQ surge in net profit to Rs 276 crore and 18.7 percent YoY growth in revenue. Retail and wholesale AUMs expanded, margins improved, and credit costs declined. With the PEL-PFL merger on track and AI-driven...
Non-Banking Financial Companies (NBFCs) in India are key financial intermediaries, holding a 22 percent share of the country’s credit market. As of 2024, NBFCs’ gross advances reached an all-time high of Rs 40.3 lakh crore, reflecting robust 20 percent year-on-year...
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