Monday, June 27News That Matters
Shadow

Tag: Arulselvan

Real picture will emerge in Q2 and Q3 after the moratorium ends: Arulselvan D, Cholamandalam Finance

Real picture will emerge in Q2 and Q3 after the moratorium ends: Arulselvan D, Cholamandalam Finance

Finance
Chennai: The possibility of default has been frozen and the real picture will emerge in Q2 and Q3 when the moratorium ends, said Arulselvan D., Executive Vice President & CFO, Cholamandalam Investment and Finance Company. He said that while NPAs had increased in March, they decreased in June. Arulselvan said that it stood at 3.8% in March which is not so different from what it was in December (pre-Covid-19) at 3.5%. Now, he said the level was 3.3%. He said this was partly due to the moratorium. "As of now the NPAs have improved but we should not be complacent and be tight about it so that this credit behaviour is ingrained and we hold it at this level," he said. However, Arulselvan warned that it was crucial to tread carefully and warned that giving a moratorium beyond this was "no...