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

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 ......