On the stocks front, Seth said that he would buy IndusInd Bank at current levels because of the strong management
In an interview to CNBC-TV18, Ramesh Iyer, VC & MD of Mahindra & Mahindra Financial Services spoke about the latest happenings in his company and sector.
M&M Financial's assets under management (AUM) was at a 6-quarter low but it was not all bleak for the company as it saw strong disbursement growth while asset quality improved.
Mahindra & Mahindra Financial Services posted a good set of Q2 results. In an interview to CNBC-TV18, Ramesh Iyer, VC & MD of Mahindra & Mahindra Financial Services spoke about the results and his outlook for the company.
An ICRA report projects that delinquency levels in non banking financial companies (NBFCs) are set to rise. To put it short people will default more from the loans that they have taken from NBFCs.
Rural economy data suggests that the unemployment rate is falling with increase in rural wages and farm loan waivers have made more cash available in the hands of farmers. In an interview to CNBC-TV18, Ramesh Iyer, Vice Chairman & Managing Director, Mahindra & Mahindra Financial Services spoke about the latest happenings in his company and sector.
In an interview to CNBC-TV18, Ramesh Iyer, VC & MD of Mahindra & Mahindra Financial Services spoke about the results and his outlook for the company.
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.
Accelerated growth will come from car and pre-owned vehicle segments, says Ramesh Iyer, Vice-Chairman and Managing Director, M&M Financial Services.
Speaking to CNBC-TV18, Ramesh Iyer, VC and MD of M&M Financial said that going forward the company's growth will come from the car segment and the retention of market share will remain as priority.
Speaking to CNBC-TV18 Ramesh Iyer said that the rural segment is going through difficult times due to the cash crunch and expects difficulty in business for the next two quarters.
In conversation with CNBC-TV18, Ramesh Iyer of M&M Finance, says that NBFCs will be under pressure for some more time.
In an interview to CNBC-TV18, Ramesh Iyer, Vice Chairman & MD, M&M Financial Services spoke about the results and his outlook for the company.
The company reported a subdued quarter with 2.25 percent fall in its net profit to Rs 87 crore and reduced its provisions to 30.5 percent to Rs 224.5 crore in Q1. Asset quality quarter-on-quarter deteriorated to 36.9 percent at Rs 4,414.7 crore.
A pick-up in M&M Financial's revenue growth is likely to take place in the second half of fiscal year 2017 if monsoon pans out as expected, says CFO V Ravi.
The company has identified high-pressure states and created separate customer buckets to improve its stressed asset situation, says Ramesh Iyer, MD, M&M Financial Services.
Pawan Goenka, Executive Director, Mahindra & Mahindra said, the company along with co-petitioners Toyota and Mercedes will urge the Supreme Court on Tuesday to reconsider its decision on diesel car ban after carefully running through all the published facts on contribution of automobiles in causing pollution.
Ramesh Iyer, MD of M&M Financial says that sales have been better during the festive season than in first two quarters of FY16.
Ramesh Iyer, MD, Mahindra & Mahindra Financial Services, says the company has zero restructured loans.
Welcoming the rate cut by HDFC Bank, Ramesh Iyer, MD, Mahindra & Mahindra Financial Services says he hopes others in the system follow the lead that will help companies with sizeable borrowing in their books.
In an interview with CNBC-TV18, Ramesh Iyer, Managing Director of M&M Financial Services said recovery in growth and NPAs is expected in festival season from September onwards.
Ramesh Iyer, MD, M&M Financial Services in an interview to CNBC-TV18 said better recovery management resulted in lower non performing loans (NPLs).
Iyer said the company was trying to ensure that credit losses did not exceed 2 percent
Tightening norms for NBFCs, RBI on Monday raised their capital adequacy requirement and net owned fund limit, among others, with an objective to mitigate risks in the sector.