Healthy performance with visible signs of improvement in disbursals, asset quality
The lender’s net interest income jumped 40 percent to Rs 2,573 crore from the year-ago period
The company said that the size of the land deal is Rs 735 crore. According to sources, the land is located near Madras Race Course and it can be used for the residential as well as mixed land use purposes.
The alliance between the automotive major and the financial institution aims to provide 130 Ashok Leyland dealerships nationwide with an array of comprehensive inventory funding options to address working capital requirements of dealers.
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Net Interest Income (NII) is expected to increase by 16.4 percent Y-o-Y (up 4.8 percent Q-o-Q) to Rs. 1,726.9 crore, according to Prabhudas Lilladher.
The partnership will enable the company to cater to newer markets with Cholamandalam’s widespread presence across the country, the electric two-wheeler maker said in a statement.