×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Sundaram aims for modest loan growth

Sundaram aims for modest loan growth
Comment E-mail Print Share
First Published: Wed, Jul 13 2011. 11 01 PM IST
Updated: Wed, Jul 13 2011. 11 01 PM IST
Chennai: Non-banking financial company (NBFC) Sundaram Finance Ltd on Wednesday said it aims for “modest” growth in loan disbursements this fiscal as fuel price hikes and inflation dampen demand.
“The increase in vehicle and fuel prices, higher interest rates and a slowing Index for Industrial Production (IIP) do not bode well for this sector and are likely to have a significant impact on commercial vehicle sales,” Sundaram Finance chairman S. Viji said at the firm’s annual general meeting.
Comment E-mail Print Share
First Published: Wed, Jul 13 2011. 11 01 PM IST