ALPHA TRIBE

Moneyboxx Finance LtdImportant, 08-09-2025: Company Update

08-09-2025 | 03:25 pm

Moneyboxx Finance has transferred its stressed loan portfolio, including non-performing and written-off assets amounting to ₹60.90 crore, to an Asset Reconstruction Company. This strategic transaction, against Security Receipts, significantly improved the company's asset quality. Post-transaction, GNPA % stands at 1.11%, 90+ PAR % at 3.36%, and collection efficiency at 93.6%. The company anticipates strong recovery from these assets. This move reinforces Moneyboxx's pivot towards secured lending, tightened underwriting, and enhanced collection strategies, bolstering its overall financial health and capital position.

No comments yet. Be the first to comment!

All announcements from Moneyboxx Finance Ltd