Merger synergies lead to gradual improvement in asset quality, return ratios
Strong signs of recovery in the auto and mortgage segments are key growth levers that will fuel stock upside
The strong backing of one of the largest global private equity firms has considerably improved the company’s growth prospects
While there are no signs of the boom ending in the auto loan space, questions are arising as to when the higher cost of lending will start to play catch up. Sanjay Chamria, VC & MD of Magma Fincorp Ltd in an interview on CNBC-TV18 said the cost of borrowings has been going up right from August-September onwards.