Mahindra Finance Reports 110% YoY In September With CE 98%
Mahindra Finance announced a growth of 110%, despite macro tailwinds in September 2022. As per sources, This translates to a Y-o-Y growth of 82% in Q2 FY23 and 106% for H1 FY23. The first half is estimated to clock a disbursement of approximately Rs. 21,300 crores, said Mahindra Finance in an official statement. The collection efficiency also increased to 98% from the previous 96%.
Tags: Mahindra Finance, YoY Growth, September, collection efficiency, business
Courtesy: Economic Times
Collection Efficiency Of Non-Banking Lenders Met Pre-COVID Level: ICRA
The Investment Information and Credit Rating Agency on February 22 revealed that non-banking lenders attained a collection efficiency in retail loan pools, reaching pre-COVID levels. ICRA cited the improvements in economic activity ensuring borrower's repaying capacity and dedicated recovery efforts by lenders as the reason behind surge. While the intrapolated study also included figures of housing finance companies, the ICRA also expected… read-more
Tags: ICRA, Improved collection, collection efficiency, Rating Agency, Non Banking Lender
Courtesy: The Economic Times