Kinara Capital gasps for breath as GNPA nears COVID level, AUM shrinks on firefighting

MSME-focused Kinara Capital has tightened its purse strings as the Gaja Capital-backed lender’s gross non-performing asset (GNPA) ratio neared the 9%-mark as on September 30, amid an industrywide asset quality stress in the unsecured business loan segment, VCCircle has learnt.  After clocking a strong AUM growth in FY24, the company has ......