Chennai, 3rd November 2023: : The Board of Directors of CIFCL today approved the unaudited financial results for the quarter and half year ended 30th September 2023.
Growth in Disbursements and AUM for Chola was robust in Q2, due to all round growth in demand.
- Pickup in replacement demand from end user segments in the auto sector supported growth for Vehicle Finance.
- Loan Against Property business witnessed a healthy revival due to growth in demand from SME segments
- Home loans continued to register above-average growth due to revival in earnings of Self-employed non-professionals.
- The new segments of SME, CSEL, and SBPL also continued to register growth though on a smaller base.