Expect festive season to lead a spur in demand says: Ramesh Iyer, VC & MD, Mahindra Finance
In July 2021, Mahindra Finance had a disbursement of approximately Rs 2400 crore with a collection efficiency of 95%. The efficiency improved to 97% last month August 2021, buoyed by the opening of the economy and improved mobility. The company witnessed a reduction in the NPA contracts during August as customer cash flows improved.
Citi raises target price on HDFC BankCiti said most of these concerns should get addressed starting from the second quarter of FY22. The brokerage has raised target price to Rs 1,900 from Rs 1,800 and retained a buy rating on HDFC Bank shares.
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