Retail credit market to grow at 18% over 3 yrs: Nirmal Jain
2 years, 4 months ago

Retail credit market to grow at 18% over 3 yrs: Nirmal Jain

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Nirmal Jain, Founder of IIFL Group IIFL Finance Ltd recently raised ₹2,200 crore from the Abu Dhabi Investment Authority for its housing finance business. The NBFC business of Mumbai-based IIFL group is confident of a compound annual growth rate of 25% in the coming years as it targets housing finance, gold loans and partnerships with fintechs and neo-banks, said Nirmal Jain, founder of IIFL Group and managing director of IIFL Finance. The retail credit market will grow at 15-18% per annum over the next three years, and IIFL Finance can grow a little faster. Our customers across segments, be it gold loans, small business loans or affordable home loans, are less sensitive to interest rate hikes within a narrow band of 1-2%.

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Live Mint  

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