Sundaram Finance has recorded a 12.8% rise in the total loan disbursed during the first six month period ending September 30 at Rs 7,217 crore compared to the disbursement of Rs 6,394 crore during corresponding period of last year. For the August-September 2017 quarter, the loan disbursements grew by 20% to Rs 3,797 crore, as compared to Rs 3,177 crore, registered during year ago period.
The asset quality with gross NPA as on September 30, 2017 stood at 2%, while net NPA stood at 1.01%. Gross NPA was at 2.18% and net NPA was at 1% as on September 30, 2016.
Sundaram Finance, headquartered in Chennai, is a leading player in Retail Finance with presence across multiple facets of the Financial Services industry including Vehicle Finance, Home Finance, Mutual Fund, General Insurance and Financial Services Distribution.