Chola Finance Expects NIM & Profitability To Improve Going Ahead
  • WebDesk BTVI
  • Jul 31 2019

Cholamandalam Investment and Finance Company recorded a 10 per cent year-on-year growth in net profit to Rs 314 crore, while the total income rose by 26 per cent to Rs 2,030 crore. Speaking to BTVI, the company's executive VP & CFO, D Arul Selvan, said the Q1 earnings were steady on back of comfortable liquidity in the system. The company expects the net interest margin (NIM) and profitability to improve going ahead. Here's more.