Hyderabad, Nov. 29 -- Piramal Finance Limited (formerly Piramal Capital & Housing Finance Ltd), which offers home and MSME loans, today announced, that it will soon enter the gold loan business.
"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 here.
"Our company's retail Assets Under Management (AUM) have crossed Rs 75,000 crore, and expected to touch Rs 1.5 lakh crore by FY2028, he informed and said the Telangana and Andhra Pradesh together contribute around Rs 8,200 crore, accounting for nearly 11-12 percent of the company's total retail AUM.
"Of the total AUM, Rs 50,00 crore is our AUM between Housing and M...