Left Menu
Development News Edition

Shubhalakshmi Finance aims nearly three-fold jump in loan disbursement

PTI | New Delhi | Updated: 13-07-2019 20:22 IST | Created: 13-07-2019 20:22 IST
Shubhalakshmi Finance aims nearly three-fold jump in loan disbursement

Shubhalakshmi Finance, a non-banking finance company (NBFC), aims to nearly triple its loan book size to Rs 400 crore during the current fiscal. During the last financial year, the company had disbursed loans to the tune of Rs 150 crore.

To meet the rising loan demand, the NBFC will raise funds from a set of banks, both public and private, Shubhalakshmi Finance said in a statement. The company is also planning to expand operations in 2-3 more states and recruit 200 people at various levels, it said.

Currently, it said, the NBFC has presence across seven states, including Delhi NCR, Punjab, Haryana, Uttar Pradesh, Himachal Pradesh, Chandigarh and Bihar. Shubhalakshmi Finance has a customer base of around 45,000 and average ticket size of the loan is around Rs 50,000. The networth of the NBFC stood at Rs 20 crore as on March 31, 2019.


TRENDING

OPINION / BLOG / INTERVIEW

How UK’s 'best prepared' healthcare system failed to gauge COVID-19

The UK is proud of their public health system and its unlike any other country as around 90 percent of British public supports the founding principles of National Health Service. But without accurate data being available to stakeholders in ...

Poor on IHR capacity progress in 2019, WHO says Cambodia tops COVID-19 response

Despite being in proximity to Hubei, the original epicenter of COVID-19 pandemic, Cambodia has reported just 226 confirmed cases and zero deaths. After seeing the data, WHO appreciated Cambodias healthcare information system but experts dou...

Loopholes in Healthcare Information System may have failed Singapore COVID-19 model

In the initial days of the COVID-19 outbreak, Singapore was in the limelight for its effective healthcare system and pandemic response plan. However, Singapore has now joined the list of the worst-hit nations and the situation is even worse...

Australia's COVID-19 response: Digital infrastructure of help but implementation remains a challenge

Australias ongoing plans to upgrade its health information system helped by the Digital Health Strategy seem even more practical due to the pandemic. But as evident during the pandemic, administrative lapses and the complex matrix of power ...

Videos

Latest News

China, U.S. to review trade deal, air other grievances on Aug. 15 - sources

Senior U.S. and Chinese officials will review the implementation of a Phase 1 trade deal and likely air mutual grievances in an increasingly tense relationship during an Aug. 15 videoconference, two people familiar with the plans said. U.S....

Trump says Beirut explosion seems to be 'bomb of some kind'

President Donald Trump on Tuesday cast a massive explosion that killed dozens of people and wounded thousands in Lebanons capital, Beirut, as a possible attack and offered U.S. help.The United States stands ready to assist Lebanon, Trump sa...

Marlins finally cleared for return vs. Orioles

It took until what seemed like the last minute, but the Miami Marlins finally were cleared to return to the field for a road game Tuesday night against the Baltimore Orioles. MLB sent out a warning that Tuesdays 735 p.m. EST start time coul...

Avs try to snap skid vs. Stars in round robin

Both teams are securely in the playoffs and not fighting for survival, but Wednesdays round-robin seeding game in Edmonton means plenty for the Colorado Avalanche and Dallas Stars. The situation is more desperate for Dallas, which blew a tw...

Give Feedback