June 3, 2020 / 2:34 PM / a month ago

BRIEF-India's Cholamandalam Investment And Finance March-Quarter Profit Slumps

June 3 (Reuters) - Cholamandalam Investment and Finance Company Ltd:

* MARCH-QUARTER PROFIT 426.6 MILLION RUPEES VERSUS 2.92 BILLION RUPEES YEAR AGO

* MARCH-QUARTER INTEREST INCOME 20.47 BILLION RUPEES VERSUS 17.72 BILLION RUPEES YEAR AGO

* APPROVED RECOMMENDATION FOR ISSUANCE OF NCDS UP TO 300 BILLION RUPEES BY WAY OF PRIVATE PLACEMENT

* MADE ONE-TIME PROVISION OF 5.04 BILLION RUPEES IN FY20 TOWARDS COVID-19 & MACRO PROVISIONS Source text: (bit.ly/373lnsn) Further company coverage:

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