India Infoline Fund Limited (formerly known as Asia Infoline Investment Qualities Ltd.) will be unveiling the 2nd problem of low-modifiable debentures (NCDs) away from . To keep some thing definitely obvious right from the start, I will play with IIFFL because small term because of it team while the I want to distinguish the firm from its infamous indexed mother or father business, India Infoline Limited (IIFL), and you may suggest the readers to not confuse this dilemma as the issue circulated because of the mother business IIFL.

One of their subsidiaries, India Infoline Shipments Company Limited, is even engaged in the organization of shipping off lending products including mutual finance, insurance coverage things, business repaired dumps, NCDs, National Retirement System (NPS), IPOs etcetera.

The organization was to start with integrated into the since a private minimal providers and that makes the organization which have a very short working records and you may unproven providers track record.

6,746 crore because facing Rs. twenty three,288 crore, an increase of around 105%. That it diving could have been reached mainly on account of mortgages and you will gold fund and this comprise approximately 45% and 41% of one’s overall mortgage publication correspondingly. The mortgage loan book is actually discussed by the loan up against property (LAP) at the 89% and you will home loans during the 11%.

IIFFL claimed profits of Rs. 953 crore in the FY12 since the facing Rs. 520 crore for the FY11, a bounce regarding almost 83%. [Read more…]