India non-bank lender IIFL Finance may see a drop in annual earnings, Fitch says

Indian non-bank lender IIFL Finance will likely see its annual earnings fall from a year earlier due to reduced net interest margins and higher credit costs, Fitch Ratings said on Monday.

Earlier this month, IIFL Finance reported an 8% fall in loan assets under management to 714.10 billion rupees ($8.24 billion) for the first nine months of the fiscal year that ends in March.