Edelweiss Financial plans to slash wholesale book by half to Rs 5,900 crore

Edelweiss Financial Services plans to reduce its wholesale book from Rs 11,400 crore in March 2021 to Rs 5,900 crore in two years (2022-23, or FY23) as part of its strategy to follow an asset-light business model.
 
The reduction in assets worth Rs 6,300 crore has happened in the last two years (2019-20 and 2020-21). The scaling-down work is expected to continue on the back of strong inflows.             
 
Edelweiss has pegged inflows of Rs 3,700 crore in the current financial year (2021-22) and Rs 3,800 crore in FY23.
 
It aims to further reduce wholesale advances to Rs