Hyderabad, Nov. 28 -- Piramal Finance Limited (Formerly known as Piramal Capital & Housing Finance Limited), which offers home and MSME Loans, announced Thursday that it will enter into gold loan business soon. "Right now, we are looking only gold segment and we hope to extend the product suite that we are offering here," said Jagdeep Mallareddy, CEO, Retail Lending, Piramal Finance Ltd.
"Our company's retail Assets Under management (AUM) has crossed Rs 75,000 crore and expected to reach Rs 1.5 lakh crore AUM by FY28," he said adding, "the Telangana and Andhra Pradesh right now are about Rs 8,200 crores AUM".
"Of the total AUM, Rs 50,000 crores is our AUM between housing and MSME and this is roughly about 55 per cent of our total AUM, and...