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Rohan Saha
Founder - Burn Finan...ย โขย 2m
Fusion Finance is going through a really tough time right now. This is the fourth straight quarter theyโve reported a net loss in their profit and loss statement. Their NPAs have gone up significantly. The company really needs to clear out its bad loan books as soon as possible somehow or things could get much worse. A lot of banks, NBFCs, and fintech companies had started giving out heavily unsecured loans just to attract new borrowers even to people who were clearly never going to repay. The RBI did step in, but it was a little too late. Some smaller NBFCs also got caught up in the race and now theyโre struggling to survive. Sometimes, company management forgets that sustainable growth is more important than rapid growth. The goal shouldnโt be to survive just 10 years it should be to last a thousand. Iโm not saying this only for Fusion, but for everyone in the industry. Still, I really hope Fusion manages to come out of this rough patch soon.
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