Introduction:
Piramal Finance, a prominent non-bank lender, announced a significant achievement on Tuesday as its retail assets under management (AUM) surpassed the Rs 50,000 crore mark. This milestone reflects a robust growth trajectory for the company’s retail lending segment.
Rapid Growth in Retail Loans
Since March 2022, Piramal Finance has witnessed a remarkable 132% increase in its retail loans. A substantial portion of these loans, comprising over two-thirds, are directed towards affordable housing initiatives, highlighting the company’s commitment to supporting this critical sector.
Piramal Finance Surpasses Rs 50,000 Crore Milestone in Retail Assets Under Management:
Strategic Importance of Affordable Housing
The emphasis on affordable housing underscores Piramal Finance’s strategic alignment with national priorities aimed at promoting accessible and sustainable housing solutions. By significantly expanding its retail AUM, Piramal Finance aims to further strengthen
its foothold in the retail lending market while continuing to drive economic growth and social impact.
Future Outlook
Looking ahead, Piramal Finance remains focused on sustaining this growth momentum through strategic investments and innovations in its lending practices. The company’s proactive approach to meeting the evolving needs of its customers and the market positions it strongly for continued success in the financial services sector.
Conclusion:
Piramal Finance’s achievement of crossing Rs 50,000 crore in retail assets under management underscores its resilience and growth in the competitive financial landscape, marking a milestone that reinforces its leadership in retail lending, particularly in affordable housing finance.
Frequently Asked Questions FAQ:
1. What is Piramal Finance?
Piramal Finance is a leading non-bank financial company (NBFC) in India, specializing in various financial services including corporate and retail lending, real estate financing, and investment advisory.
2. What are retail assets under management (AUM)?
Retail assets under management (AUM) refer to the total market value of assets managed by Piramal Finance for individual retail clients, including loans, investments, and other financial products.
3. How much have Piramal Finance’s retail assets under management grown?
As of the latest update, Piramal Finance’s retail assets under management have crossed the significant milestone of Rs 50,000 crore. This growth has been driven by a 132% increase in retail loans since March 2022.
4. What proportion of Piramal Finance’s loans are in affordable housing?
Over two-thirds of Piramal Finance’s retail loans are dedicated to affordable housing initiatives, reflecting its commitment to supporting accessible housing solutions in India.
5. How can I apply for a loan from Piramal Finance?
You can apply for a loan from Piramal Finance by visiting their official website or contacting their customer service representatives directly. Detailed information on eligibility criteria, documentation requirements, and the application process can be found on their website.
6. What are the benefits of choosing Piramal Finance for retail loans?
Piramal Finance offers competitive interest rates, flexible repayment terms, and personalized customer service, making it a preferred choice for individuals seeking financial solutions tailored to their needs.
7. Where can I find more information about Piramal Finance’s services and products?
For more information about Piramal Finance’s services, products, and latest updates, you can visit their official website or follow them on social media platforms.
8. How does Piramal Finance contribute to sustainable finance?
Piramal Finance integrates environmental, social, and governance (ESG) factors into its lending decisions and supports sustainable development initiatives, including affordable housing and renewable energy projects.
9. What are Piramal Finance’s future plans and initiatives?
Piramal Finance is focused on expanding its presence in the retail lending market, enhancing customer experience through digital innovations, and continuing to support key sectors such as affordable housing and infrastructure development.
10. How can I contact Piramal Finance for further queries?
For further queries or assistance, you can contact Piramal Finance’s customer service team via email, phone, or visit their nearest branch. Contact details are available on their official website.
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