Mahindra & Mahindra Financial Services (Mahindra Finance) has reported overall disbursement at around Rs 4,400 crore delivering a 15% Year-on-Year (Y-o-Y) growth in August 2023. The YTD August 2023 disbursements at around Rs 20,950 crore registered a growth of 22% Y-o-Y.
Healthy disbursement trends in the current period have led to Business Assets at around Rs 90,500 crore, growth of around 9.4% over March 2023 and around 27% over August 2022. The Collection Efficiency (CE) was at 96% for August 2023 (In August 2022, CE was 96%). 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.
