Moneycontrol
Last Updated : Jan 31, 2018 03:29 PM IST | Source: CNBC-TV18

Expect growth to come in from CV & SME portfolio in FY19: AU Small Finance Bank

AU Small Finance Bank delivered a good set of numbers. In an interview with CNBC-TV18, Sanjay Agarwal, MD and CEO, of the company discussed their Q3 performance.

CNBC TV18 @moneycontrolcom

AU Small Finance Bank delivered a good set of numbers. In an interview with CNBC-TV18, Sanjay Agarwal, MD and CEO, of the company discussed their Q3 performance.

Our Q3 performance is at par. Assets have grown by 38 percent, disbursements grew by 45 percent, and profit is largely unchanged from year-on-year. The economy is getting settled down, so our non-performing assets (NPA) has come down, he said.

The whole pressure point around economy has gone down, goods and services tax (GST) has settled down, there is no effect of demonetisation and we have seen quite amount of traction around commercial vehicle (CV) sales and there is enough money available with the customers, that is why NPA has come down, he added.

Next year, we will be more robust in terms of our infra spending, CV requirement, the micro, small and medium enterprise (MSME) and SME, said Gupta.

MSME and vehicle segment should grow in the range of 35-40 percent range over the next 3-4 quarters, he further mentioned.

The bank has 300 branches across 10-12 states. There is a pressure on interest rates but largely money is available and I believe that as our franchise will be more visible, there will be good traction around our deposit base also, he said.

For full interview, watch accompanying video...
First Published on Jan 31, 2018 03:23 pm
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