In an interview to CNBC-TV18, PN Vasudevan, MD & CEO, Equitas Small Finance Bank spoke about the latest happenings in his company and sector.
For the first two weeks after the cash ban the collections were down by 50 percent, says V Vaidyanathan, Executive Chairman of Capital First.
Speaking to CNBC-TV18 PN Vasudevan, MD of Equitas, said that it became a bank recently and it hasn‘t seen any impact in terms of collections owing to the demonetisation drive.
RBI‘s guidelines on small finance and payments banks announced Thursday are in line with draft norms issued a few months back, says HKN Raghavan, Head - Consumer Banking at Equitas in an interview to CNBC-TV18.
Out of the 580 lending out branches currently, they expect to convert 412 into banking branches in the next 12 months, said PN Vasudevan, MD, Equitas Holdings.
In addition to Bharat Financial's Non-executive Chairman, Digant Haria of Antique Broking also spoke and he said the size of the company will matter when an NBFC wants to become a bank.
In an interview with CNBC-TV18, HKN Raghavan, CEO of Equitas said that the company is adequately prepared to address the pressure on yields and it still needs to apply for 3-4 licenses before the complete rollout of the bank, which will take around 2-3 months.
In an interview to CNBC-TV18 on the sidelines of an IDFC conference in London, CFO Sunil Kakkar says, provisioning has been done for up to 50 percent of the stressed book, largely in the infrastructure space, on its legacy books.
While SREI Infra fits the criteria laid out in the draft guidelines and is also well capitalised, Vice Chairman Sunil Kanoria says, no decision has been made yet on applying for a license.