The lender’s assets under management (AUM) contracted 37% year-on-year to ₹7,688 crore at the end of June, from ₹12,193 crore a year ago, after it slowed loan disbursals to the overleveraged and defaulting bottom-of-the-pyramid borrowers.
April witnessed a slight inflow of foreign investments into Indian debt, but the atmosphere remains one of caution. Influences like escalating US and Japan interest
Indian markets are watching US stocks next week. Investors will focus on company earnings and job data. This comes as oil prices rise and the
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