Tag: NBFC

Manappuram Finance Q2 net profit declines 8.8% to Rs 370 crore

NBFC Manappuram Finance on Saturday reported an 8.8% year-on-year (y-o-y) decline in its consolidated net profit for the second quarter at Rs 369.88 crore. The non-banking financial company (NBFC) had posted a consolidated net profit of Rs 405.44 crore in Q2 of FY21. However, the company’s consolidated assets under management (AUM) grew by 5.7% to Rs […]

NBFC auto loan ticket size up 21%

Ahmedabad: Fuelled by the rising prices of cars and two-wheelers, and more people opting for financing for vehicles, the average ticket size of automobile loans rose in 2020-21, even though demand was hit. In Gujarat, the average ticket size of automobile loans extended by non-banking finance companies (NBFCs) surged by 21% during the pandemic year, […]

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