Sundaram Finance’s Growth Catalyst Visible: ICICI Direct 

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Sundaram Finance Ltd. is a Chennai-based non-banking financial company with a presence in auto financing, home finance, asset management and general insurance business.

Major value is derived from asset financing (vehicle financing) with assets under management of Rs 31226 crore as of December 2020.

The company has 583 branches with a substantial presence (approximately 55%) in southern India.

Net interest income was up 21.4% YoY to Rs 537 crore on the back of improved margins and resilient asset quality.

Net interest margin (calculated)) for the quarter increased by ~70 basis points QoQ to 6.9%.

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ICICIC Direct Sundaram Finance Company Update.pdf


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