Page 2 - Sundaram Finance

Sundaram Finance clocks net profits at Rs 192 crore in Sept quarter

Non Banking Finance Company Sundaram Finance on Friday recorded net profits at Rs 192 crore for the quarter ending September 30, 2020

Sundaram Finance lowers interest rates on deposits across tenures

The company has around 600 branches spread across the country

Sundaram Finance reports 7% drop in Q1 pre-tax profit to Rs 219 crore

Revenue from operations rose to Rs 948 crore during the quarter ended June 2020, from Rs 930 crore a year ago

Titan Europe likely to sell 10% stake in Wheels India valued at Rs 60 cr

The firm has been reducing stake gradually in the company

NBFC Sundaram Finance revises interest rates with effect from May 1

The interest rates on fresh deposits/renewals stand revised to 6.75% (7%) per annum for 12 and 18 months and to 7% (7.25%) for 24 and 36 months

Sundaram Finance pre-tax profit declines 12% to Rs 234 cr, income down 51%

AUM up 11% to Rs 30,256 cr; deposits rise 15% in H1 to Rs 3,424 cr

Sundaram Fin Q1 profit rises 11.94% to Rs 157.5 cr, disbursements up 7.8%

Assets under management (AUM) as on June 30, 2019, grew by 15.6 % to Rs. 29,977 cr

Sundaram Finance acquires BNP Paribas' stake in two joint ventures

Sundaram BNP Paribas Home Finance Limited was incorporated on July 2, 1999, as a subsidiary of SFL to offer specialised housing finance services to the retail sector in India

Sundaram Finance hikes deposits rates to 7.75% for a year, 8% for 2-3 yrs

The interest rate for Senior Citizens has been increased to 8.25% (8%) per annum for 12 and 18 months

Sundaram Finance sees opportunities in construction, LCV, tractor business

Sundaram Finance, Managing director, TT Srinivasaraghavan said its disbursements grew by 18 per cent last year and loan book by close to 20 per cent

SFL to demerge non-financial service investments into subsidiary

Board members have also approved private placement of non-convertible debentures worth Rs 7,500 cr

Sundaram Finance to raise Rs 2,000 crore via debentures

Asset quality on upward trajectory despite tightening norms

Sundaram Finance Q4 profit up 34%

Disbursements during the quarter rose by 12% to Rs 2,893 crore from Rs 2,594 crore, a year ago