Mahindra Finance reports 110% yoy growth in September

The collection efficiency (CE) was at 98% for September 2022, against CE of 96% for August 2022. The asset quality further improved during the month & the quarter. As on 30th September 2022, the Company expects its Gross Stage 3 to be around 7% (compared to 8% as of 30th June 2022) and Gross Stage 2 to be around 10% (compared to 11.7% as of 30th June 2022).

from Auto-Industry-Economic Times https://ift.tt/4My8jN3