Bottomline: Finova Capital's asset quality worsens even as profit rises
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Bottomline: Finova Capital's asset quality worsens even as profit rises

By Ajay Ramanathan

  • 24 Sep 2024
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Bottomline: Finova Capital's asset quality worsens even as profit rises
Mohit Sahney, Finova Capital

Non-bank lender Finova Capital continued to be troubled by asset quality risks in FY24 even as the company sustained an asset growth of over 60% in the year under review. The gross non-performing asset ratio deteriorated to 1.79% as on 31 March from 0.97% a year ago. Similarly, the net non-performing asset ......

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