Connect with us

Hi, what are you looking for?


Poonawalla Fincorp’s AUM grows to Rs 165.75 billion, up 17% YoY

Poonawalla Fincorp’s assets under management (AUM) stood at Rs 165.75 billion at the end of the quarter ended March 31, 2022, growing by 17% YoY and 9% QoQ. The AUM for the housing finance subsidiary Poonawalla Housing Finance Limited crossed the Rs 50 billion milestone.

According to the management, Q4FY22 witnessed significant improvement in organic disbursements across all products. The company’s disbursements for Q4FY22 were approximately Rs 33.3 billion and for FY22, Rs 94.9 billion. The management expects the positive trend to continue in the coming quarters supported by a change in the product mix and the momentum gained on the distribution pillars of direct, digital and partnerships.

The company’s collection efficiency continued an upward trajectory and stood at approximately 108.4% in March 2022 vis-a-vis 99.1% in December 2021.  Capital to Risk-Weighted Assets Ratio (CRAR) was more than 49% as of March 31, 2022.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PR Newswire

Copyright © Glocal Infomart Pvt Ltd. All rights reserved. Usage of content from website is subject to Terms and Conditions.