In an interview with CNBC-TV18, Deepak Jain CFO of AU Small Finance Bank spoke about the latest happenings in his company and sector as well as his expectations from Budget 2018.
AU Small Finance Bank is a retail finance franchise since last 20 years and were dealing in vehicle finance and Micro, Small & Medium Enterprises (MSME) and SME loans.
Since last five years, we have a compounded annual growth rate (CAGR) of 40 percent. We have also added products like agri-term loans, consumer durables, we are starting housing finance business also. We don’t see any challenges to repeat the growth history, he said.
Don’t see any challenges with respect to entering housing finance, he added.
According to him, non-performing assets (NPAs) will remain under control.
New products will see average growth in FY19, said Jain.
Speaking about Budget 2018, he mentioned that we don’t see major changes coming in from this Budget except for some tax benefits to the retail customers.For full interview, watch accompanying video...
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