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Edelweiss Financial Services expects continuous growth in retail credit book

Updated : January 24, 2019 06:20 PM IST

Edelweiss Financial Services on Thursday the company is expecting a continuous growth in its retail credit book as there is a fair amount of disbursements and it is comparatively small in the industry.

There is a lot of growth opportunity in that. We have been doing it for the last three-four years and we will continue to do that,” said  Rashesh Shah, chairman and CEO, Edelweiss Financial Services.

Edelweiss Financial Services reported a 18.16 percent increase in consolidated net profit at Rs 258.35 crore for the third quarter ended December 2018.

Its total income increased by 25.46 per cent to Rs 2,790.69 crore in the quarter under review.

In terms of liquidity, Shah said, “Things have improved quite a bit. In fact, though the last quarter was very turbulent and volatile, we still raised close to Rs 8,800 crore of fresh money."
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