Mahindra & Mahindra Financial Services (Mahindra Finance) has reported overall disbursement at around Rs 4,400 crore delivering a 12% Year-on-Year (Y-o-Y) growth in July 2023. The YTD July 2023 disbursements at around Rs 16,550 crore registered a growth of 23% Y-o-Y.
Healthy disbursement trends in the current period have led to Business Assets at around Rs 88,100 crore, growth of around 6.4% over March 2023 and around 28% over July 2022. The Collection Efficiency (CE) was at 96% for July 2023 (In July 2022, CE was 97%). Stage-3 and Stage-2 assets continued to remain rangebound compared to June 2023. The Company continued to maintain comfortable liquidity chest of about 3 months’ requirement.
Mahindra Finance is one of India’s leading non-banking finance companies.
