 "edelweiss financial services")
Edelweiss Financial Services group plans to further reduce its wholesale loan portfolio, which sits on the balance sheet in the next two years, to Rs 2,900 crore by September 2024, aided by strong investor demand. Its wholesale loans book stood at Rs 8,500 crore at the end of September 2022.
The financial services group has already reduced wholesale loan assets in the last 24 months from Rs 11,900 crore in September to Rs 8,500 crore at the end of September 2022.
In a filing with BSE, the company said improved macro environment and sell-down capabilities were driving faster book reduction.
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