Avanse disburses highest ever loan of Rs 2,927 cr in FY22


Avanse disburses highest ever loan of Rs 2,927 cr in FY22

The new age technology driven non-banking financial company (NBFC) had assets under management (AUM) of Rs 4,836 crore at the end of FY22. Last fiscal year, the company witnessed its highest ever growth in its disbursement at Rs 2,927 crore, growing by three times over 2020-21, Avanse said.

The apex court on May 4 ruled that thousands of show-cause notices issued by the income-tax department under an old provision (Section 148) should be treated as the ones issued under the new amendment (Section 148 A).


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