loans, banking

The number of loans disbursed also rose sharply to 18.5 million in Q2FY22 from 7.1 million in Q1FY22

Mahindrafinance

Mahindra & Mahindra Financial Services (Mahindra Finance) on Friday said it has disbursed over Rs 2,000 crore for the second time in a row in August.
In August 2021, the business continued its momentum with a disbursement of more than Rs 2,000 crore for the second month in a row.
The total disbursement at about Rs 2,150 crore delivered 57 per cent year on year growth, albeit on a lower base of August 2020, which was impacted by the first wave of COVID-19, Mahindra Finance said in a release.
The collection efficiency was reported at nearly 97 per cent for August 2021, further improving to 95 per cent in July 2021.
Collection efficiency in April, May and June was 72 per cent, 67 per cent, 90 per cent, respectively.
"With the opening of the economy and improved mobility, the company witnessed a meaningful reduction in the NPA (non-performing assets) contracts during the month as customer cash flows improved.
"We believe that this is a very encouraging sign. The company expects this 

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It has already seen an increase in disbursement to level of Rs 360 crore in July, on par with disbursement in April-June 2021

borrowing, money, debt, loan

In December quarter, its disbursements grew 6.4 per cent year-on-year to Rs 6,197 crore from Rs 5,822 crore in the year-ago quarter

MFIs disbursements decline by 88% to Rs 6,046 cr in Q1 FY21: Report

Loan disbursement by microfinance sector declined by 88 per cent to Rs 6,046 crore in the April-June quarter due to the coronavirus-induced lockdown, according to CRIF MicroLend quarterly report.

Average loan amount disbursed per account during the June 2020 quarter was Rs 27,996, an increase of around 4 per cent against the year-ago period

Nirmala Sitharaman

During March-April 2020, PSBs sanctioned loans worth Rs 5.66 lakh cr for more than 41.81 lakh accounts

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Public sector bank executives point out that banks understand the need to provide critical support to borrowers hit by the lockdown, imposed to contain the spread of Covid-19.

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in the fourth quarter of FY17, only 39 per cent of disbursements were cash-lite

Page 2 - Loan disbursals

Micro-loan disbursement up 154.5% QoQ to to Rs 64,899 cr in Sept: MFIN

Mahindra Finance disburses over Rs 2,000 crore for second time in Aug

Suryoday Small Finance Bank eyes Rs 1,000-crore quarterly disbursements

Shriram City Union Finance aims over Rs 6,000 cr disbursement in Q4

MFIs disbursements decline by 88% to Rs 6,046 cr in Q1 FY21: Report

NBFC-MFIs' loan disbursement drops 96% to Rs 570 cr in June quarter

Public sector banks sanctioned Rs 5.66 trn in loans during March-April: FM

Credit disbursement: Banks face pressure to avoid large-scale slippages

Over 60% microfinance institutions move to cashless loan disbursement: MFIN