Assets quality witnessing improvement: During FY11-FY13, MGMA shifted its focus from CV/CE financing to other segments such as tractor/SME in order to enhance the yield on book and leverage opportunities in rural areas. While MGMA gained market share in tractors and UV/cars led by aggressive growth, rural stress in 2014 and 2015 offset the benefit of yield and GNPA ratio, which was at 0% in FY12 increased to 1.6%/3.6% in FY13/14 and worsened to 8.1% in FY16. Demonetization, a govt's move to check black money in economy, further added to woes and the company GNPA increased to ~10% by Q3FY17....