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Ramesh Iyer, MD & VC of M&M Financial, discusses the growth of the loan book and the slower growth in the tractor segment. He expects the rural market to continue performing well and predicts that pre-owned vehicles will see faster growth. Iyer also shares the company s plans to enter the insurance sector through partnerships. He acknowledges the rise in borrowing costs and the need to improve NIMs. The asset quality remains under control, and the company is confident in achieving its growth targets. ....
Since the tractor segment constitutes a significant portion of the profitbability, the company will be most vulnerable to industry volume collapse from its peak. ....
The automaker s market cap has doubled in less than one-and-a-half years - from Rs 1 lakh crore in April 2022 to over Rs 2 lakh crore this week. M&M market cap hit Rs 2 lakh crore mark on Monday. ....
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