Fusion Finance tanks 10%, hits record low on higher ECL provisioning in Q2

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Fusion Finance tanks 10%, hits record low on higher ECL provisioning in Q2 - Business Standard

Quick Summary:

Fusion Finance said it may be required to make an estimated credit loss (ECL) provisioning between Rs 500 crore to Rs 550 crore in Q2FY25 as compared to Rs 348 crore provision in Q1FY25.

Fusion had capital adequacy of approximately 26 per cent as of June 2024.

The board has asked the management to prepare a plan for a fresh equity capital raise of up to Rs 550 crore.