After being hit by the NBFC crisis in September 2018, IIFL Finance has emerged stronger as debt market investors continue to repose confidence in the company. The well-diversified NBFC raised long-term loans worth ₹27.21 billion in Q3FY20, after mobilising funds worth ₹4.03 billion and ₹17.23 billion in Q1 and Q2, respectively. Due to its healthy performance, cost of funds was down by 9 basis points QoQ, whereas assets under management grew 3% to ₹360.15 billion. It also reported better asset quality as net and gross NPA dropped to 2.3% and 1% of the overall loan book from 2.5% and 1.5%, respectively. “We manage our asset liability mismatch diligently and conservatively, with a surplus in all buckets,” said the management in its latest investor presentation.