LegalPay partners with Jumbo Finance to fund small ticket CIRP cases

"This will provide investors with more opportunities to invest in distressed debt assets over the foreseeable shorter time horizon," said Kundan Sahi, founder of LegalPay. According to the recent RBI financial stability report, the gross non-NPA ratio will likely increase from 7.48% in March 2021 to 9.80 % - 11.22 % in March 2022.

from Banking/Finance-Industry-Economic Times https://ift.tt/3FofNjM