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Fedbank Financial Services Ltd. ( (IN:FEDFINA) ) has shared an update.
Fedbank Financial Services Limited has announced the sale of a significant portion of its non-performing assets, specifically small-ticket LAP and affordable home loans, to India SME Asset Reconstruction Company Limited (ISARC). The transaction, amounting to Rs. 32.57 crore, represents approximately 41% of the principal outstanding value of the assets sold. This strategic move is expected to improve the company’s financial health by reducing its gross non-performing assets and is likely to enhance its operational efficiency and market positioning.
More about Fedbank Financial Services Ltd.
Fedbank Financial Services Limited operates in the financial services industry, focusing on providing small-ticket loan against property (LAP) and affordable home loans. The company is based in Mumbai, Maharashtra, and is known for catering to the financial needs of small and medium enterprises (SMEs) and individual borrowers.
Average Trading Volume: 102,289
Technical Sentiment Signal: Buy
Current Market Cap: 56.43B INR
For detailed information about FEDFINA stock, go to TipRanks’ Stock Analysis page.