CRED Mulling Investing INR 550 Cr In NBFC Newtap Finance

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SUMMARY

CRED had AUM worth INR 19,000 Cr as of December 2024 and NPAs of 1.1% compared to 0.73% in FY24 and 0.59% in FY23

the ratings agency assigned an ‘IND BBB’ rating to NFPL with a “stable outlook” for both its non-convertible debentures and bank loan facilities

The ratings agency’s report noted that NFPL’s total AUM stood at INR 1,141.6 Cr at the end of December 2024

Fintech major Cred is planning to pump INR 550 Cr in its non-banking finance company (NBFC) Newtap Finance Pvt Ltd (NFPL), as per a report by India…



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CRED Mulling Investing INR 550 Cr In NBFC Newtap Finance


SUMMARY

CRED had AUM worth INR 19,000 Cr as of December 2024 and NPAs of 1.1% compared to 0.73% in FY24 and 0.59% in FY23

the ratings agency assigned an ‘IND BBB’ rating to NFPL with a “stable outlook” for both its non-convertible debentures and bank loan facilities

The ratings agency’s report noted that NFPL’s total AUM stood at INR 1,141.6 Cr at the end of December 2024

Fintech major Cred is planning to pump INR 550 Cr in its non-banking finance company (NBFC) Newtap Finance Pvt Ltd (NFPL), as per a report by India…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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