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Aditya Birla Capital to push retail, small and medium enterprise loan book

The Aditya Birla Group invested about Rs 2.5 billion in April-December 2017 in the housing finance business

Aditya Birla Capital to push retail, small and medium enterprise loan book

Aditya Birla Capital is planning to invest Rs 10 billion each year to grow its retail and small and medium enterprise (SME) loan book, administered by a non-bank finance company (NBFC) and a housing finance company (HFC).   The outstanding loan book — NBFC plus housing — rose by 41 per cent to Rs 465.22 billion at the end of December last year against Rs 330.47 billion in December 2016.   The Aditya Birla Group invested about Rs 2.5 billion in April-December 2017 in the housing finance business.   The group will decide on investing more this year, looking at ...