Collection efficiency improves to 95%
Mahindra & Mahindra Financial Services announced that during the month of July 2021, the Company saw macro sentiments turning positive with normalcy returning.The disbursement during the month at ~ Rs. 2,400 crore, more than doubled over a smaller base in July 2020. The collection efficiency further improved to ~95%, up from ~90% in June 2021.
The NPA contract counts are showing stability and a declining trend. The Company expects a meaningful reduction in number of NPA contracts in August 2021 and September 2021 with improved mobility and customer cash flows.
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