Cholamandalam Investment ups disbursements
27 January 2005
Cholamandalam has posted a before tax profit of Rs38.6 crore as against Rs36.3 crore for the same period in the previous year.
In the release, managing director M Anandan is quoted as saying, "Despite the overall scenario of rising interest rates, there has been no increase in lending rates in the auto finance market. While we expect this situation to correct itself, we have been actively taking steps to grow disbursements, cut costs and manage the product-mix for optimum yield."