Enter a Better Life Financial Performance
•
•
Chola
Enter a better life
Loan Against Property: Industry outlook
Sector Outlook
CRISIL estimates the LAP segment to experience growth at a
rate of 10-12% for FY24, on back of favorable economic
conditions and gradual restoration of business activities to
pre-pandemic levels. This anticipated acceleration is
attributed to the overall economy recovery and a more stable
business environment
Chola's Position
murugappa
• Chola's LAP team is currently focusing on increasing its
market share backed by consistent disbursement
growth and collections performance. Our focus
continues to be on retail customers especially in smaller
towns and rural areas
B co
LIVES
Ind-Ra believes NBFCs will have to judiciously manage
margins in FY24, given the elevated borrowing cost and
limited flexibility in passing over rate hikes in the secured
lending segments due to the competition from banks and
factoring in borrowers' repayment ability
Ind-Ra believes the sector could witness a marginal rise in the
gross stage 3 assets, largely due to inflationary pressures
impacting borrower cashflows and the recent slowdown in
wage growth.
•
LAP team is capitalizing on Chola's pan India
geographical presence by going wide in tier 3 and tier 4
markets to improve margins, while continuing to hold
market leadership position in tier 1 and tier 2 markets
ON
.
Chola LAP team has strengthened collection & legal
process and the asset quality has shown steady
improvement. The stage 3 book has come down with
consistent improvement in collection efficiency
Source: https://www.indiaratings.co.in/pressrelease/66343, CRISIL - NBFC Research Report - Nov 2022
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