Sundaram Finance aims to reduce dependence on CV loans, looks at SMEs
Lochan said Sundaram Finance will continue to diversify across asset classes and geographies while keeping asset quality in check. Net stage stage 3 loans had spiked above 2% post Covid but have since come down to 1.37% at the end of September. Lochan said he expects the net stage 3 accounts to come down below 1% which is Sundaram’s historic average.
