Market Loans
Ugro Capital aims to double loan book to nearly Rs 7,000 crore in FY23
Small businesses-focused lender Ugro Capital on Monday said it aims to double its loan book to around Rs 7,000 crore by the end of this fiscal as it expands co-lending tie-ups. At present, the NBFC (Non-Banking Finance Company) has a loan book of Rs 3,650 crore, growing from Rs 1,375 crore a year ago on the back of a record disbursal of Rs 1,359 crore in the first quarter of FY22, Shachindra Nath, chairman and managing director, told PTI. He said along with the loans originated through its platform, the company's cumulative assets is around Rs 6,300 crore. Currently, 21 per cent of its Asset Under Management (AUM) is raised through the origination route and he expects this to touch 35 per cent by the end of this fiscal. In the June 2021 quarter this was only 2 per cent of the total AUM. Going forward, the company's lending model will be led by co-origination, he said, adding the current off-book AUM stands at Rs 750 crore which is 21 per cent at the end of June. The company plans t
 "Ugro Capital aims to double loan book to nearly Rs 7,000 crore in FY23")
State market borrowings down 23.7% YoY in Q1FY23 on strong cash flows
Icra said a comfortable cash flow position of the state governments was due to a back-ended release of tax devolution to the states in FY2022
 "State market borrowings down 23.7% YoY in Q1FY23 on strong cash flows")
RBI fixes Centre's WMA limit for second half of FY21 at Rs 1.25 trn
This is much lower than the quantum earmarked for H1, which was Rs 2 trillion, but way above lasgt years Rs 35,000 cr
 "RBI fixes Centre's WMA limit for second half of FY21 at Rs 1.25 trn")
Market loan maturity schedule set to deepen states' debt woes
The increased loan burden could be a big challenge for West Bengal which has improved its financial situation over the last five years
 "Market loan maturity schedule set to deepen states' debt woes")
