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Motilal Oswal Report
We attended IIFL Finance Ltd.'s Analyst Day, where the management highlighted how it has strengthened its digital capabilities to transform the company and offer a superior experience to its customers.
It has one of the most extensive branch networks among its peers. It boasts of a strong balance sheet, boosted by Abu Dhabi Investment Authority's investment of Rs 22 billion in IIFL's Housing Finance subsidiary.
It has partnered with banks for ‘sourcing and servicing' retail and priority loans by leveraging its phygital strategy.
Assets under management growth has been healthy, supported by various digital initiatives. Improving economic conditions (as reflected by key economic indicators – goods and services tax collections, gross domestic product growth, and Purchasing Managers Index) and healthy asset quality, firmly positions IIFL to deliver a healthy return on asset and return on equity over a sustained period.
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