The deterioration in asset quality is seasonal and linked to the strategic wind-down of consumer lending, says CIFCL

D Arul Selvan, President and Chief Financial Officer, CIFCL Prolonged monsoons and a clean-up of the consumer lending segment led to Cholamandalam Investment and Finance Company Limited (CIFCL) seeing a decline in asset quality in the quarter ended September, said Arul Selvan, President & CFO of CIFCL. Even as CIFCL reported 20 percent revenue and […]