Cholamandalam Investment and Finance Company Ltd, the financial services arm of the Murugappa Group, posted a consolidated profit after tax (PAT) of Rs 1,259.54 crore for the January–March 2025 quarter, marking an 18% increase from Rs 1,065.23 crore in the same period last year.For the full financial year ending March 31, 2025, PAT rose to Rs 4,262.70 crore, up from …
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Tata Capital, the financial services arm of the Tata Group, has filed preliminary documents with market regulator Sebi for a mega initial public offering (IPO) estimated at over Rs 15,000 crore. According to an ET Market report, the Tata Capital’s IPO, which will be conducted under the confidential pre-filing route, will include both the issuance of new shares and an …
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MUMBAI: The microfinance industry shrank in Q2 FY25 as delinquency rates on their loans, where instalments are overdue by 30 to 180 days, jumped to 4.3 per cent in September 2024 from 2 per cent a year ago. Besides shrinking their portfolio, lenders brought down the number of borrowers with multiple loans – the category with the maximum number of …
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