Nirmal Jain decodes IIFL growth & outlook ahead

Synopsis

“In terms of volume growth, the first quarter for the IIFL Group was relatively slack. But going by historical trends, we should see volume growth picking up in the second half of the financial year and may be from the second quarter as well. The yield over a period of next two-three quarters will further improve and that is a positive trend.”

“We have been investing in capacity and technology. We are also investing in marketing and brand building. Our volume growth in this quarter is 24-25% which is good. We are on track to achieve our target of doubling our loan book over a period of time,” says Nirmal Jain, Founder, IIFL Group.

Gold loans as well as the microfinance business have seen improvement and improved collection efficiency during the quarter. The business seems to be

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