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Last Updated : Jul 11, 2017 04:24 PM IST | Source: CNBC-TV18

Sentiments have turned positive due to expectations of good monsoon: M&M Finance

In an interview to CNBC-TV18, V Ravi, ED & CFO at M&M Financial Services spoke about the latest happenings in the company as well as sector. Demonetisation effect to a large extent is over and with expectation of a good monsoon the sentiments have turned positive, he said.


In an interview to CNBC-TV18, V Ravi, ED & CFO at M&M Financial Services spoke about the latest happenings in the company as well as sector.

Demonetisation effect to a large extent is over and with expectation of a good monsoon the sentiments have turned positive, he said.

He believes that demonetisation effects getting over is one more reason for the growth to be revived and hopes this year to be reasonably good for the company.

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Market condition should hopefully revive soon and non-performing loans (NPLs) should see some easing in FY18, he added.

Gross NPL can rise by 15-17 percent due to transition to 90 days from 120 days. If NPL is around 5 percent, then it can rise to 6 percent, said Ravi.

For full interview, watch accompanying video...

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First Published on Jul 11, 2017 03:30 pm

tags #Business

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