Bottomline: Ambit Finvest AUM, net profit surge; asset quality slips

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Adar Poonawalla-backed Ambit Finvest managed to raise both its asset under management (AUM) and net profit in the financial year ended March 2024, but its book too was affected by the industrywide trend of deteriorating asset quality.    To be sure, the deterioration in its asset quality of Ambit Finvest was ......