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Mahindra & Mahindra Financial Services aiming to reduce net non-performing assets ratio

04 Feb 2022 Evaluate

Mahindra & Mahindra Financial Services (Mahindra Finance) is aiming to reduce its net non-performing assets (NPA) ratio to below 4 per cent by March-end. In the quarter ended December 31, 2021, the company's net NPA (stage 3 assets), stood at 5.63 per cent (as per IND-AS accounting norms).

Mahindra Finance is one of India’s leading non-banking finance companies.

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