Non-bank lender Mahindra Finance on Tuesday reported a 36 per cent growth in its consolidated net for the September quarter at Rs 390 crore. The lender had reported a post-tax profit of Rs 287 crore in the year-ago period. On a standalone basis, in the September quarter, net jumped 57 per cent to Rs 369 … Read more
Global brokerage firm JPMorgan maintained an underweight rating on , Morgan Stanley retained an equal-weight rating on , and BofA maintained a buy call on Mahindra Finance. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on PNB: Underweight | Target Rs 34 JPMorgan maintained an underweight … Read more
Leading finance companies such as Cholamandalam, Mahindra Finance, HDFC, L&T and Manappuram are seeing a 40-60% higher collections and disbursements from their rural branches. Manappuram microfinance collections have grown from 15% in May to 55% in June. In July, it could touch 75%. Vehicle finance improved from 35% collections in May to 75% in June. … Read more