“Some of the credit we have seen is due to the breakdown,” Alok Mittal, the founder of the Indifa, told ET in an interaction. “It means that if we are moving forward and at a certain level of loss, we are providing enough people in advance … so that in the future we will not suffer much harm,” he added.
The total expenditure was Rs 428.72 crore as compared to the previous financial year. Last year, the increase in expenditure rate was Rs 22 crore compared to Rs. Finance costs are the expenditure brought in the collection by the borrower.
The cost of the employees is Rs. 17..7 crore and compared to it, Rs.3.3 crore a year ago.
It chases Fintech on unsafe goods due to regulatory scrutiny in the market and regulatory scrutiny in unprotected debt department. According to ET reports, many startups, including all unsafe customer loan players – all unsafe customer loan players, have now built safe products such as property (LAP), mutual funds and vehicle loans, according to ET reports.
IDFI, which mainly offers unsafe MSME loans, has added lines of two new products including supply chain finance and safe lending laboratory business. The supply chain finance is a way to speed up payments to small suppliers based on the credit score.
He said, “In the last 6 months, we started two new business lines: the supply chain finance business and a safe lending lab business,” he said. According to the company, lines of new products, which are 6-7% of the monthly distribution of IDDI, will reach 20-25% in the next three years.
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