Likely to see improvement in collection by March: M&M Financial

M&M Financial Services expects March to be a good month for collection, with the agriculture sector seeing good sowing and harvest. The company has seen a good growth in disbursement in January compared to December.M&M Financial Services CFO V Ravi said that company’s growth wasn’t impacted in November-December as majority of decisions were made in October on account of Diwali and Dhanteras, which saw a significant jump in sales.Speaking from the sidelines of ICICI Securities APAC Conference, V Ravi said the company’s customers have started to pay their debt, but not enough to take them out of non-performing loans (NPLs) classification. The non-performing loans (NPLs) of the company stood at 11-11.5 percent without dispensation.Watch video for more.