Edelweiss to pump Rs.700-800 crore in retail finance business – Feedback

Edelweiss Financial Services will invest Rs.700-800 crore per annum as capital in its retail lending business.

Company’s target is to grow its SME, mortgage, and agriculture loan book. It is expected to use the proceeds from its recent qualified institutional placement (QIP) to invest in this business.Edelweiss expects to have a lending business of Rs.4,000-Rs.5,000 crore each year in the retail segment, comprising housing, small and medium sized enterprises.

http://www.projectstoday.com/News/Edelweiss-to-pump-Rs-700-800-cr-in-retail-finance-business

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