It’s not telecom industry. There are tonnes of home finance companies. AAVAS focuses on folks who may not have credit history and low ticket loans. But with stringent checks.
Based on the conference calls, looks like it’s losing market share. That’s why it went down. They have sales force of 3500 and doing two loans in a month of avg 12 lac loans. You can guess where the growth will be. Also their sanction to disbursement went down to 80%.
I’m not sure why that is significant.
The real question is the management claims they are a conservative lender. Is that a real reason or ploy to hide their inefficiencies, only time will tell.
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