Kinara Capital’s Fall From Profits
Kinara Capital is in a fix. For the first time in a decade, the Bengaluru-based NBFC incurred a loss in FY25, and credit rating agencies have downgraded the company amid concerns over its financial stability. So, how exactly did Kinara reach this tipping point?
From Profits To Peril: Kinara’s bleak predicament is partly due to a rise in bad loans, difficulties in recovering unsecured loans, higher credit costs, and a decline in assets under management…