New Launch16 Jun 2025, 06:01 pm
Paul Merchants Finance Private Limited Approves Launch of New Financial Products
AI Summary
Paul Merchants Finance Private Limited (PMFPL), a material wholly owned subsidiary of Paul Merchants Limited, has approved the launch of a new set of financial products. The products include Loan Against Property (LAP), Large Corporate Lending, Vehicle Loans, Direct Assignment (DA) of Loans, Co-lending Partnerships, and other financial products as permitted by the RBI. The launch will be in a phased manner and is expected to diversify PMFPL's loan portfolio, strengthen its secured and wholesale lending book, and generate interest and fee-based income.
Key Highlights
- PMFPL approved the launch of new financial products
- The products include Loan Against Property (LAP), Large Corporate Lending, Vehicle Loans, Direct Assignment (DA) of Loans, and Co-lending Partnerships
- The launch will be in a phased manner
- The new products are expected to diversify PMFPL's loan portfolio
- The new products are also expected to strengthen PMFPL's secured and wholesale lending book and generate interest and fee-based income