Sundaram Finance - A Strong Franchise: Nirmal Bang Initiates Coverage
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Nirmal Bang Report
Sundaram Finance Ltd. has demonstrated its ability to maintain profitability while retaining healthy asset quality over economic cycles, comfortable capitalisation and a well diversified resource profile.
The focus on growth, quality, profitability, high repeat customer base, strong market understanding and seasoned management team place the business in strong position.
The gross non-performing assets remain better than the peers by wide margins, testimony to its strategy of chasing quality over growth.
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