MoolahMatters

  Under the visionary leadership of Managing Director Abhay Bhutada, Poonawalla Fincorp has charted a remarkable path of transformation, positioning itself as a frontrunner in the lending sector. Over the past three years, the company has witnessed unprecedented growth and success, marking the most significant evolution in the Non-Banking Financial Company (NBFC) space. With Assets Under Management (AUM) surpassing Rs. 25,000 crore and Profit After Tax (PAT) exceeding Rs. 1,000 crore in FY2024, Poonawalla Fincorp's journey is a testament to strategic vision and robust execution. Robust Risk and Governance Practices A critical factor behind Poonawalla Fincorp’s success has been its unwavering commitment to robust risk and governance practices. The company has implemented a strategic business model that emphasizes risk management, governance, and operational efficiency. This approach has not only helped in achieving superior asset quality but also in maintaining high collection effic...

  Poonawalla Fincorp is set to make a strategic entry into the credit card market. This move is not just about expanding its product portfolio; it represents a significant step for the company in diversifying its financial services. For investors, understanding the implications of this launch can help in making informed decisions.  The New Initiative Poonawalla Fincorp, a leading non-banking finance company (NBFC), is poised to launch its co-branded credit card within the next two to three weeks. This launch follows the company’s comprehensive compliance efforts, as highlighted by Abhay Bhutada, MD of Poonawalla Fincorp. The company had initially planned to launch the product in the fourth quarter of the fiscal year 2024-25 but had to address some regulatory requirements, causing a slight delay. Also Read: Unveiling Abhay Bhutada: A Leader’s Inspiring Odyssey In Finance Strategic Collaboration with IndusInd Bank Having secured approval from the Reserve Bank of India (RBI) to...