SE Investments eyes disbursements of Rs 1200cr for FY12

SE Investments targets disbursement of about Rs 1,200 crore in micro finance and trade loan segments for FY12. The company's disbursements were poor in the first quarter due to liquidity concerns and lack of bankers support. 

Sunil Agarwal, managing director, SE Investments in an interview to CNBC-TV18 said that the company now has received support from three bankers and does not see any problem ahead. Also Read: CRISIL assigns valuation grade of 5/5 to SE Investments Below is the edited transcript of Agarwal's interview. Also watch the accompanying video. Q: Can you tell us about the draft guidelines for securitisation that came a while back where the holding period of some loans were relaxed? What kind of an impact would that have on companies like yours? A: The draft guidelines have come day before yesterday. We are still understanding as to what will be the major change. I am not in a position to say what impact it will bring to companies like us. We will also have to appreciate that most of the securitisation transaction are not happening the way RBI wanted. Most of them are happening by way of assignment. We will continue to be the guarantor of that portfolio. For us it becomes just a term lending with another name. The guidelines are under study. We could not focus on understanding how it is going to be advantageous because of the half yearly closing. Maybe in couple of days we will be in a position to let you know. Q: Your thoughts on the core business then how exactly is liquidity panning out for you currently? What is your targets in terms of disbursements? A: We have targeted disbursement of about Rs 1,200 crore in micro finance as well as trade loan segments. The disbursements were poor in the first quarter because of liquidity issues because banks were not supporting us. But now we have received support from three bankers and  I do not see any problem in the next half year. Our repayments have been on time. We have not gone in for any re-schedulement and have not delayed the interest, also the principal repayment has gone on time. The company