Oct 13, 2015 01:55 PM
8936 Views
In my view the yields on investment offered by MFL are attractive. The credit rating too, allotted to the issue is stable(‘CRISIL AA-/Stable’ by CRISIL and ‘ICRA AA-/Stable’ by ICRA). Minimum ticket size has purposefully been kept low at Rs 5, 000 to encourage the retail participation.
Capital adequacy ratio also looks robust at 18.3%(against the 15% prescribed by RBI). Net NPA(Net Non-Performing Assets) constituted 0.57%(a little above from the March 31, 2015 figure, 0.33%) of the total loan book as on March 31, 2012, which is fairly low. Lower net NPA, indicates better sound health of the company, and signals that the company has been cautious over the quality of loans.
