In a business overhaul, Edelweiss goes asset-light as it turns focus on retail lending - THEMARKETTRENDZ

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Sunday, 19 July 2020

In a business overhaul, Edelweiss goes asset-light as it turns focus on retail lending

Since the IL&FS bankruptcy-induced liquidity crisis in September 2018, the group has been reducing its wholesale loan book and it is down 43 per cent from peak in FY18. The group will be selling down Rs 3,000 crore more of wholesale loans by March and completely exiting by 2022, says group chairman and chief executive Rashesh Shah.

from Banking/Finance-Industry-Economic Times
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