IndoStar Capital considers selling stake in housing finance unit - Business Standard
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The unit posted a 253 per cent year-on-year (YoY) rise in net profit to Rs 16 crore in the first quarter ended June 2022.
It posted a net profit of Rs 61 crore in the quarter ended June 2022 (Q1FY23).
As of June 30, 2022, exceeded the threshold specified for gross non-performing asset (GNPA) and/or net NPA ratios for certain borrowing arrangements.
6 per cent at end of June 2022.
Its assets under management grew 45 per cent YoY to Rs 1,467 crore in the same quarter.
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