Archive · 18 Jun 2025

Paisalo Digital Stock Rebounds After Commercial Paper Redemption

Paisalo Digital Stock Rebounds After Commercial Paper Redemption

Paisalo Digital, a company partly owned by LIC and SBI Life, saw its stock recover after an early drop.

The company paid back ₹30 crore it had borrowed through commercial paper.

The company made a profit of ₹45 crore in the last quarter, a 25% increase compared to last year.

They also earned more interest on loans.

However, some loans are not being repaid, and the amount of these non-performing assets (loans not being paid back) has increased.

The company is working to manage these debts better.

Sources