See FY18 net profit at Rs 435 crore; FY19 loan growth will be 40-50%: Bharat Financial

Bharat Financial Inclusion had a very healthy third quarter as return ratios are back to being the best in the industry while robust growth in disbursements drives loan growth. Asset quality too improves substantially. In an interview with CNBC-TV18, MR Rao, MD & CEO of Bharat Financial Inclusion spoke about the results and his outlook for the company.

Demonetisation effect has been one-time effect for the industry, he said.

For FY18, we stick to our guidance in terms of the profit after tax (PAT) of Rs 435 crore and for FY19, we will grow at the rate of 40-50 percent, he added.

Life has not changed too much after IndusInd Bank deal because the merger is not over yet. We are yet to receive the regulatory approval. Given the growth and robust demand in the microfinance sector, we have no problems in raising funds to meet the growing demand, said Rao.

For full interview, watch accompanying video...