NCL Research Enters Digital Personal Loan Business

NCL Research & Financial Services Ltd has approved a strategic entry into India's high-growth digital personal loan business. This expansion will focus on digital personal loans, salary-based loans, self-employed professional loans, and consumer finance solutions. The company plans to leverage technology for underwriting, onboarding, and risk management. A subsidiary will be incorporated to develop Fintech services. This move aims to diversify revenue streams, generate recurring interest income, improve returns on capital, and capitalize on India's expanding retail credit ecosystem. The Board also approved alterations to the Memorandum of Association and will seek shareholder approval via an EGM or postal ballot.