Fusion Micro Finance gains as board to mull fund raising up to Rs 145 cr

24 Nov 2022 , 10:46 AM

On the same day, the board will also consider financial results for quarter and half year ended 30 September 2022. Fusion Micro Finance is a second largest microfinance non-banking finance company (NBFC) in terms of gross loan portfolio (GLP) providing financial services to unserved and underserved women in rural and peri-rural areas across India. The company provides small value collateral free loans. Apart from micro finance lending, the NBFC also have insignificant lending to MSME enterprises. The NBFC reported a net profit of Rs 75.10 crore in Q1 FY23, steeply higher than Rs 4.41 crore posted in Q1 FY22. Total income jumped 35.8% to Rs 360.45 crore in quarter ended 30 June 2022. Powered by Capital Market – Live News