Mahindra Finance, NBFC the hands of Mahindra Group As per the latest figures revealed by the company, it has reported 100% collection efficiency for the month of September. This is on the back of an improvement in mobility during September, even as the economy opens up covid.

The company’s September collection efficiency is an improvement of 95% and 97% levels in July and August, 2021 respectively. This has resulted in a further decrease in NPA contracted during September, a trend that the company expects will continue in the third quarter of FY22.

During September, the company’s total disbursements stood at Rs 1900 crore, a growth of 23% on a YOY basis, albeit on a lower basis in FY21 due to the first wave of the pandemic. During Q2 of FY12, the total disbursements stood at Rs 6,450 crore, which is a 60% year-on-year growth over Q2 of FY21.

Mahindra Finance Auto is optimistic for Q3 FY22, subject to a good festive season and crop cash flows along with improvement in supply chain. The company mentioned that it enjoyed a comfortable liquidity position on its balance sheet as on September 30, 2021.