New Delhi, Aug. 14 -- NBFC U GRO Capital has raised about Rs 400 crore from banks and through other debt instruments. The company expects to gather momentum in the business as the Government is lifting the lockdown in many parts of India. Businesses are back to normal and the company aims to increase credit lending in the upcoming quarter.

According to the company statement, its AUM at the end of June 30, 2020, stood at INR 847.4 crores across 7,343 customers. Of the total loan book, 69% of it stands secure. Sectors including Education, Light Engineering and Electrical Equipment & Components constitute 54% of the total loan book whereas geographical concentration at a state-level is at a maximum of 21%.

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