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De-risking growth for high profitability
Mahindra portfolio proportion has declined from 65% to ~55%.
Customer profile has become much more diversified today than two years ago, along with the loan book diversification.
This has de-risked the loan book to a certain extent.
Does not see significant benefit of UID implementation over the next few years as they believe it will not impact farmers'
income in a big way.
While asset quality has been a concern over the last few years, it has de-risked its loan book by diversifying. However,
overall write-offs remain low at 1.6-1.8%.
MMFS aims to maintain a Tier-I CAR of 15%. At 4% RoA and 6x leverage, it aims to maintain sustainable ROE of 24%.
MMFS is looking to raise equity in the near term.
Mahindra Rural Housing Finance (MHRF) subsidiary has started gaining traction in loan growth. It is likely to close FY11
with a loan portfolio of INR2.5bn and plans to double its loan book for the next 4 years to INR40bn by FY15.
Management sees significant potential to grow in the rural home finance market, which is untapped.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
De-risking growth for high profitability
Mahindra portfolio proportion has declined from 65% to ~55%.
Customer profile has become much more diversified today than two years ago, along with the loan book diversification.
This has de-risked the loan book to a certain extent.
Does not see significant benefit of UID implementation over the next few years as they believe it will not impact farmers'
income in a big way.
While asset quality has been a concern over the last few years, it has de-risked its loan book by diversifying. However,
overall write-offs remain low at 1.6-1.8%.
MMFS aims to maintain a Tier-I CAR of 15%. At 4% RoA and 6x leverage, it aims to maintain sustainable ROE of 24%.
MMFS is looking to raise equity in the near term.
Mahindra Rural Housing Finance (MHRF) subsidiary has started gaining traction in loan growth. It is likely to close FY11
with a loan portfolio of INR2.5bn and plans to double its loan book for the next 4 years to INR40bn by FY15.
Management sees significant potential to grow in the rural home finance market, which is untapped.
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