The Nifty witnessed weakness for the third consecutive day with forming lower highs and lower lows formation and corrected almost 250 points from the weekly high of 10,774
Warburg Pincus, the single largest shareholder in Capital First speaks exclusively to CNBC-TV18 for the first time post the IDFC Bank merger announcement. Charles Kaye, Co-CEO and Vishal Mahadevia, Head-India of Warburg Pincus told Nisha Poddar that they have no plans to exit the merged bank.
Talking about the synergies of the combined entity, V Vaidyanathan, Chairman & MD, Capital First said they would be carrying capabilities of creating retail asset.
We expect to close this financial year, FY18, with a loan book of anywhere between Rs 26,500-27,000 crore which will be 30 percent growth over the last financial year, V Vaidyanathan, Executive Chairman of Capital First said.
In an interview to CNBC-TV18, HP Singh, Founder and MD of Satin Creditcare Network discussed the company's qualified institutional placement (QIP) issue.
CNBC-TV18's Latha Venkatesh from the sidelines of The Motilal Oswal 13th Annual Global Investor Conference interviewed heads of top NBFCs to talk about the new challenges facing the Indian financials.
Satin Creditcare Network is in focus as the company has raised Rs 35 crores via issuance of convertible redeemable preference shares. “There is a time period of about a year when Capital First will be able to convert it into equity shares and once they convert, they will get about 3 percent of equity capital as of right now,” HP Singh, Founder & MD of Satin Creditcare told CNBC-TV18.
GIC Singapore has taken close to 9 percent of stake in the company, additionally, taking their own stakeholding to 14 percent, said V Vaidyanathan, Chairman, Capital First.
Chairman and Founder of Capital First, V Vaidyanathan says that although demonetisation did have an impact on the economy, it did not collapse businesses.
For the first two weeks after the cash ban the collections were down by 50 percent, says V Vaidyanathan, Executive Chairman of Capital First.
Capital First's Rs 340-crore preferential issue to Caladium Investment is likely to be completed in a month, says Chairman and Managing Director V Vaidyanathan.
In an interview on CNBC-TV18, V Vaidyanathan of Capital First said that the cost of borrowing is expected to fall by 100 basis points and all NBFCs will see improvement in return on equity (RoE) due to the change in bond pricing.
We give a loan of Rs 1 crore for a tenure of about 15 years with interest of 12-12.5 percent to customers against security, but we also lend to unsecured customers, We also lend small sum of Rs 20,000-50,000 via algorithmic lending, says V Vaidyanathan, the CMD of Capital First in an interview to CNBC-TV18.
Capital First Limited The company will allot 83.6 lakh shares for Rs 128 crore to Warbug Pincus affiliate Cloverdell Investment and another 32.5 lakh shares to HDFC Standard Life Insurance Company for Rs 50 crore. Post the transcation, the Cap[ital First's combined Tier 1 and Tier 2 capital will increase to Rs 1791 crore.
V Vaidyanathan, CMD of Capital First, says that there is no significant reason for the stock's price dipping 20% on Tuesday. The depreciation of the rupee has not affected the company's SME portfolio as of now, but it will now adopt a cautious approach.
In an interview to CNBC-TV18, V Vaidyanathan, chief managing director, Capital First denies any report that claims the company is seeking funds.
Future Capital Holdings is confident of achieving its asset base target of Rs 4,700 crore for FY13. V Vaidyanathan, chairman and managing director in an interview to CNBC-TV18 said: "Last year we closed our company with an asset base of about Rs 2,800 crore. We expect to be pretty much in line with the guideline we have set for ourselves."
V Vaidyanathan, chairman and managing director, Future Capital in an interview to CNBC-TV18 said, the overall economic system credit growth has slowed down, but the company is well on track to achieve FY12 target of Rs 4,700 crore.
In an interview on CNBC-TV18, the Chairman and Managing Director of the company V Vaidyanathan says that interest rates have hurt the consumption story. "The larger point is it has probably affected investments more than consumption."
CNBC-TV18’s Latha Venkatesh talks to V Vaidyanathan, Vice Chairman & Managing Director of Future Capital and Ak Purwar, industry expert to get their reaction and talk about the effect of the Draft Guidelines for licensing of new banks in the private sector.
Kishore Biyani, Founder and CEO, Future Group talks about the impact an FDI policy may have on the business.