Cholamandalam Investment and Finance Company LimitedTotal assets under Management up by 24% crosses Rs.25000 crores, Q4 PAT up by 6%, YTD PAT up by 19%
Q – 4 Performance Highlights: Chennai, Apr 28th, 2014: Disbursements in vehicle finance were marginally lower while disbursements in Home equity loans grew by 23% compared to the same period last year. The Company disbursed Disbursement from new businesses was Total Income is Profit before tax is Profit after tax is FY – 14 – Performance Highlights: The Company disbursed Total Income is Profit before tax is Profit after tax is Financial Performance – Summary :
• The Company has expanded its presence to 574 branches as on 31st March 2014 compared to 518 as on 31st March 2013. The additional branches are in Tier III and Tier IV locations across India. • The Company raised Tier II capital of • The capital adequacy ratio (CAR) of the company remained at 17.23% as compared to the regulatory requirement of 15%. Portfolio Quality: The sustained slowdown in the economy and reduction in freight earnings of the borrowers resulted in continued pressure on the asset quality. With a vigorous focus on portfolio quality, the Company contained GNPA at 1.9% and NNPA at 0.7%. We continue to follow an aggressive provisioning policy resulting in an incremental provision of Subsidiaries Performance: The subsidiaries had made a profit of Consolidated Results: The consolidated profit after tax for the year was Others: The Board has recommended a final dividend of
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Caution Notice
The public is hereby cautioned that it has been brought to our notice that certain unscrupulous persons/agencies are issuing fake sanction letters to customers and getting their signatures in fake loan agreements purporting to be a loan sanction letter & loan agreement of Murugappa Group and such persons /agencies are attempting to extort money by demanding security deposit/processing fee/insurance fee from the gullible customers for processing the required loan etc. In the aforesaid documents, those unscrupulous persons/agencies are also using the registered logo and name of Murugappa Group against law with intent to gain wrongfully by using the goodwill and reputation of the Group.
Please be informed that Murugappa Group is not a separate legal entity and never requires any customers to pay any advance money or deposit for loan sanctioning. Public is cautioned not to rely or act on any such fraudulent sanction/offer made in the name of Murugappa Group without verifying the authenticity of the contents.
Customers who are interested in availing loans may directly contact any of the nearest branch of Cholamandalam Investment and Finance Company Limited (Cholamandalam) a constituent of our group for further details or get in touch with us at 1800 200 4565 or alternatively email at customercare@chola.murugappa.com, or SMS at 9500000312.
MURUGAPPA GROUP