Poonawalla Fincorp soars on unveiling AI-powered underwriting solution
Poonawalla Fincorp is currently trading at Rs. 348.30, up by 13.30 points or 3.97% from its previous closing of Rs. 335.00 on the BSE.
The scrip opened at Rs. 339.00 and has touched a high and low of Rs. 349.50 and Rs. 337.90 respectively. So far 13147 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 513.95 on 22-Apr-2024 and a 52 week low of Rs. 267.25 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 349.50 and Rs. 281.20 respectively. The current market cap of the company is Rs. 26063.48 crore.
The promoters holding in the company stood at 62.36%, while Institutions and Non-Institutions held 19.03% and 18.61% respectively.
Poonawalla Fincorp has unveiled an industry-first AI-Powered Underwriting Solution. Developed in collaboration with the Indian Institute of Technology Bombay (IIT Bombay), this innovative solution integrates artificial intelligence with human intelligence to automate and streamline the credit evaluation process. It aims to accelerate credit decisions by ensuring efficient, accurate, scalable and risk-first approach. By analyzing multiple data points from loan applications, the solution empowers credit managers with faster decision-making capabilities while enhancing the company’s risk management framework.
The AI solution integrates Large Language Models (LLM) and Machine Learning (ML) platforms to create an automated and intelligent credit decisioning system. Built from the ground up, it focuses on real-world underwriting demands, keeping the human cognitive model at the core of its architectural design. With this groundbreaking initiative, PFL aims to boost its credit managers' productivity by 40 percent in retail lending.
Poonawalla Fincorp (Formerly known as Magma Fincorp) is a non-deposit taking systemically important non-banking finance Company (ND-SI-NBFC), registered with the Reserve Bank of India (RBI).
