Financial Sector

H2O2 will be added to our chemical product portfolio and is produced downstream from Hydrogen at the Chemicals Complex.

This initiative intends to address the growing need for digital transactions and changing market expectations.

Gross NPA for the quarter increased to 2.42% from 2.71% the previous quarter, while net NPA fell to 0.33% from 0.36% in March.

As of June 30, 2024, distribution assets under management (AUM) increased by 42% year on year to ₹26,171 Crore.

Mahindra Finance's balance sheet is robust, with a capital adequacy ratio of 18.5% for the period under review.

L&T Finance had a 33% YoY increase in quarterly retail disbursements to ₹14,839 Crore in Q1 FY25, up from ₹11,193 Crore the previous year.

Earlier this year, the business launched a loan against mutual funds as well as auto and two-wheeler digital insurance.

Paytm's share price dropped further in May, when the Reserve Bank of India (RBI) prohibited its partner firm.

The license, which is still being reviewed by the finance ministry, will remove the biggest impediment to the entity.

As of June 30, 2024, Mahindra & Mahindra Financial Services had a healthy liquidity position with a balance sheet totaling over ₹8,000 Crore.