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MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. - Updates For The Month Of November 2021
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02 Dec 2021
We would like to intimate the following updates for the month of November 2021:&lt;BR&gt; &lt;BR&gt; In November 2021, the business continued its momentum with a disbursement of Rs. 2,500 Crore delivering 17% Year-on-Year growth. The Collection Efficiency too improved further to 94%, up both Year-on-Year (November 2020 - Collection Efficiency was 84%) and sequentially (October 2021 - Collection Efficiency was 91%). This improved customer payment behaviour has reflected in a month-on-month reduction in Stage 2 and stability in Stage 3, compared to October 2021. The Company expects this positive trend to continue in December. This will aid in further reduction in Stage 2 and Stage 3 contracts by December end.&lt;BR&gt; &lt;BR&gt; The Company continued to enjoy a comfortable liquidity position on its Balance Sheet as at November 2021 end, with a liquidity chest of well over 3.5 months.&lt;BR&gt; &lt;BR&gt; We request you to kindly acknowledge receipt of the same.&lt;BR&gt;
View all announcements for MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. Source: BSE India