Mahindra & Mahindra Financial Services (Mahindra Finance) has disbursed approximately Rs 2,320 crore for month of January 2022, delivering a 31% Year on Year (Y-o-Y) growth. The YTD disbursement at approximately Rs 20,700 crore, registered a Y-o-Y growth of 40%. The collection efficiency (CE) was at 96% for January 2022, up year-on-year (January 2021 CE was 94%), in line with expectations.
The positive trend in collections led to on a month-on-month improvement in asset quality. During January, the company continued to enjoy a comfortable liquidity position on its balance sheet, with a liquidity chest of over 3 months.
Mahindra Finance is one of India’s leading non-banking finance companies.
