Poonawalla Fincorp to ride rating upgrade to cut costs, scale up

Last month, rating agency Care upgraded Poonawalla Fincorp’s rating by two notches to AA+ largely on account of the improvement in the company’s capital base after the new promoters infused a total of ₹3,900 crore into the company and its mortgage lending subsidiary Poonawalla Housing Finance.

via Economictimes

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