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Bloomberg: IIFL Founder Expects Blackstone Investment to Support 25% to 30% Annual Loan Growth Over Next Three to Four Years
According to Bloomberg, Nirmal Jain, founder of Indian non-bank lender IIFL Finance, stated that Blackstone's investment will help the company maintain an annual loan growth of 25% to 30% over the next three to four years and lower its funding costs. The aforementioned figures represent the founder's projections regarding the investment's impact and future growth, rather than realized performance.
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