Digital to drive focus on MSME and microfinance lending going forward: Nirmal Jain

ET Now spoke with Nirmal Jain, the Founder of IIFL Finance on the direction of the company, the results and the larger vision of the company going forward. The company’s PAT grew 30% YOY in Q4FY22 with a large focus on retail. Mr. Jain also spoke about key aspects relating to digital and underserved sections of the country. Further, the NBFC has tied up with Open Financial Partner to form a JV which will be a neobank to serve the underserved. Mr. Jain talks to us about all of these initiatives and how growth will be for the NBFC going forward.