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Bottomline: Cars24's lending arm turns a corner but faces rising bad loans

By Aman Rawat

  • 07 Mar 2024
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Bottomline: Cars24's lending arm turns a corner but faces rising bad loans

Cars24 Financial Services Pvt. Ltd, the non-banking finance company (NBFC) wholly owned by used-car marketplace Cars24, has boosted its topline as well as asset book and swung to a profit but also recorded an increase in bad loans.   Strong growth in interest income on loans as well as a sharp jump ......

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