Capital First sees loan growth at 23-25% going ahead

The areas in which Capital First operates in India currently are largely under-penetrated, says Chairman and Founder, V Vaidyanathan. This makes him confident the company will witness a loan growth in the range of 23-25 percent in the coming years.He says although demonetisation did have an impact on the economy, it did not collapse businesses. The company's gross NPAs, without use of RBI's dispensation on asset quality, was close to ones percent, while net NPAs were around 0.40 percent in the third quarter of FY17.Capital adequacy is at 21.5 percent, he says, adding, current capital should last for the next two years.After the cash ban which was announced on November 8, things have finally come back to normalcy. He adds that collections efficiency has also improved in the fourth quarter of current fiscal.The company had shifted to digital means of collection from the earlier physical means well before the cash crunch hit the economy. So no customer was inconvenienced by the cash ban.Watch video for more.