Expect retail deposits to move up in-line with branch expansion plans: Ujjivan

Government has released its borrowing plan for FY19. In an interview to CNBC-TV18, Sudha Suresh, MD & CEO of Ujjivan Financial Services discussed shared her views on the plan and gave her outlook for the future.

Suresh said that our wholesale borrowing is close to 70-75 percent of total borrowings.

She further said that the wholesale deposits form larger part of total borrowings.

We expect retail deposits to move up in-line with branch expansion plans, added Suresh.

She mentioned that we will be able to reduce average borrowing cost towards 8.5 percent in 5-6 quarters.

Talking about loan growth, she said we expect pick up in loan growth and expect compound annual growth rate (CAGR) of 20-25 percent over the next few years.

For entire interview, watch accompanying video.