ETIG: The stock of Mahindra and Mahindra Financial Services (MMFS) gained 3.1 per cent on the BSE following better than anticipated growth in assets under management in the Dec 2016 quarter. Its AUM rose by 13.5 per cent year-on-year in the December quarter . However, the collection efficiency fell by 20 per cent due to fall in second hand vehicle sales and lack of margin money availability after demonetisation. However, the demonetisation does pose an upside risk. Had it not been for the special dissension allowed by the RBI for demonetisation, the gross NPA would have seen another `660 crore of addition.

Source: Economic Times January 26, 2017 10:08 UTC