The Chennai-based NBFC is planning to double its new business verticals' share in the overall AUM basket in next two to three years.
Chola had launched new businesses such as consumer & small enterprise loan, secured business & personal loan and SME loan last year and those verticals currently account for 10% of the AUM.
Arul Selvan, president & CFO, Chola told FE :"We have a well diversified portfolio and they are present across the country.
"It makes us easy to capitalise on demand both from product and geographies perspective. We could fairly get the disbursements and AUM up in the second quarter of the current fiscal," he said.
For FY23, Chola's AUM stood at ₹1,12,782 crore, with total disbursements being at ₹66,532 crore.
Elaborating on the performance of the company, he said its AUM grew by 46% in Q2FY24, supported by all product verticals, primarily the vehicle finance which rose by around 38%.
Bu hikaye Financial Express Mumbai dergisinin November 04, 2023 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin November 04, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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