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Anand Rathi Report
The erstwhile Magma Fincorp, now Poonawalla Fincorp Ltd. has seen perhaps, one of the fastest turnarounds in the banking, financial services and insurance sector.
Poonawalla Fincorp is now a tech led high growth non-banking financial company backed by a strong promoter and having topnotch processes and best-in-class cost-of-funds.
With digital as core for the new management, we expect robust growth, competitive cost of funds and tech savviness to drive a 38% loan compound annual growth rate over FY23-25e for the standalone unit.
Key Risks -
Higher than expected slippages on accountof slowdown in economy.
Increasing competition from banks inretail lending could impact loan growth.
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