Paisalo Digital Surges Amidst Market Lull, Achieves Milestone with ₹3,400 Crore Transactions

In an otherwise lackluster trading session on Wednesday, January 8, the shares of non-banking financial company (NBFC) Paisalo Digital Limited stood out, rising 2.15% on the BSE.

The State Bank of India (SBI) and Life Insurance Corporation of India (LIC)-backed lender announced a significant milestone: serving over 59 lakh customers and facilitating transactions worth ₹3,400 crore in just two years. The achievement was supported by strategic partnerships with prominent banking institutions like SBI and Bank of India, as highlighted in a BSE filing.

Milestone Achievement and Future Vision

Reflecting on this success, Santanu Agarwal, Deputy Managing Director of Paisalo Digital, stated:
“The past two years have been a testament to Paisalo’s ability to deliver impactful financial solutions at scale. Our fast-paced growth reflects the trust our customers and partners have in us. As we look ahead, this success lays the foundation for achieving our ambitious vision for 2025—to further expand our outreach, innovate our offerings, and contribute meaningfully to India’s financial ecosystem.”

Market Performance

As of 3:15 p.m. on Wednesday, Paisalo Digital shares were trading 2.25% higher at ₹46.49, compared to the previous close of ₹45.51. Despite the sluggish market conditions, the company’s shares demonstrated resilience, with this upward movement coming after the filing of its operational update with stock exchanges mid-session.

Over the past five years, Paisalo Digital shares have delivered impressive returns of nearly 118%. The stock reached a 52-week high of ₹99.63 on March 1, 2024, while the 52-week low stood at ₹40.40 on October 15, 2024, according to BSE data.

About Paisalo Digital

Paisalo Digital Limited, registered with the Reserve Bank of India (RBI), focuses on providing non-deposit-taking lending solutions. Its extensive distribution network spans rural and semi-urban areas, reaching more than 65 lakh customers through 3,275 touchpoints across 22 Indian states.

The company’s success is indicative of its robust business model and strong collaborations, making it a noteworthy player in India’s evolving financial ecosystem.

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