'Fedbank Financial Services conducted a conference call on 29 April 2025 to discuss the financial results for the quarter ended March 2025. Parvez Mulla, MD & CEO, Fedbank Financial Services of the company addressed the call:
Highlights:
In the previous earnings discussion, the company had
highlighted about certain challenges that required immediate attention such as
elevated delinquencies in the small mortgage portfolio, collection
infrastructure lagging behind business growth
The company will allocate capital to high ROA-ROE businesses
and slow down the business loan business and move to a more secured construct.
The company will focus on the twin engine strategy of gold
and LAP businesses. Within LAP, the company will focus on a mix of high yield
and low-risk businesses.
To address the delinquencies, the company would be investing
in strengthening collection infrastructure. The company had then appointed new
leade...
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