IIFL Finance posts 78% profit growth in Q3FY20

Mr. Nirmal Jain, Chairman, IIFL Finance Ltd., commented on the financial results: ?Although economic growth and macro headline numbers are yet to show a perceptible improvement, credit demand and liquidity show green shoots. IIFL Finance\'s performance in the quarter under review indicates all-round improvement in the operating environment. IIFL also benefits from softening of competitive intensity in core segments. In the quarter ended December 31, 2019, there was a marked uptick in credit growth as well as long term borrowings.?