“This past quarter has been one of our most challenging, primarily due to the regulatory embargo on our gold loan business. We have taken corrective actions that have satisfied the regulatory authorities, and I’m pleased to announce that the embargo has now been lifted. Although this quarter has seen our lowest financial performance, I believe the worst is behind us. We are committed to not only restoring these standards but also strengthening them moving forward. I am proud of the dedication and resilience shown by our teams, who have remained steadfast in their commitment to our long-term success during these difficult times. Our fortified compliance framework, robust distribution network, combined with our advanced technology platforms, positions us well to recover and grow stronger than ever."
Nirmal Jain Founder and Managing Director