Digital lender Kissht expects to exceed its guidance of more than 40% growth in assets under management (AUM) in FY27 after a strong first quarter, as improving repayment trends have allowed it to resume lending in certain pin codes where it had paused originations due to concerns about borrower stress.Kissht's parent OnEMI Technology Solutions' AUM rose 61% year on year and 13% sequentially to Rs 8,001 crore in the June quarter. Operating
BenchmarksCLOSED
BenchmarksCLOSED
Kissht expects to beat 40% growth target as credit costs ease
Synopsis
Digital lender Kissht anticipates surpassing its growth targets for assets under management. Improved repayment trends have enabled the company to resume lending in previously paused areas. Newer borrower groups demonstrate better early repayment behavior, supporting credit cost reduction goals. Kissht is tightening checks for salaried applicants and reducing lending to some self-employed borrowers. The company expects overall borrowing costs to decline significantly in the coming months.
Now Playing