New Delhi, July 29 -- Shares of NCL Research & Financial Services pared some of their intraday losses on Wednesday, 29 July, after the company announced plans to enter India's fast-growing digital personal loan business, according to its stock exchange filing.

In the filing, the company said its Board of Directors has approved a strategic expansion into the personal lending segment, subject to applicable regulatory approvals and the completion of necessary statutory and corporate formalities. The move is aimed at strengthening its financial services platform and capitalising on the rapid growth of India's retail credit market.

The proposed lending business will initially focus on digital personal loans, salary-based loans, loans for sel...