Equitas Small Finance Bank posted a weak quarter. Net interest margins (NIMs) are at a multi quarter low and their credit cost has also increased. In an interview to CNBC-TV18, PN Vasudevan, MD & CEO of Equitas Small Finance Bank spoke about the results and his outlook for the company.
The second half has always been good for lending and so hopes H2 will be good, said HK Raghavan, President - Inclusive and Outreach Banking, Equitas.
In an interview to CNBC-TV18, PN Vasudevan, MD & CEO, Equitas Small Finance Bank spoke about the latest happenings in his company and sector.
In an interview to CNBC-TV18, PN Vasudevan, MD & CEO, Equitas Small Finance Bank spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, HK Raghavan, President-Inclusive & Outreach Banking at Equitas Holdings spoke about the results and his outlook for the company.
Manappuram Finance surged 13% in early morning trade after the company recorded an over two-fold jump in its consolidated net profit in the third quarter.
In an interview to CNBC-TV18, PN Vasudevan, MD of Equitas Holdings spoke about the results and his outlook for the company.
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.
"Over the last ten years, we have established a huge amount of capability to manage business at microfinance, used commercial vehicle (CV) finance or micro and small enterprise (MSE) finance segment. It is almost 70-80 percent of our clients. We are the only lender to them", PN Vasudevan, MD of Equitas Holdings told CNBC-TV18.
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.
Speaking to CNBC-TV18 after Yes Bank reported its quarterly earnings, MD and CEO Rana Kapoor says sectors like agri, renewable energy and small and medium enterprises (SME) are witnessing good credit growth.
Riding on the back of a good first-quarter performance, N Vasudevan, Managing Director of Equitas Holdings, says there is large unmet demand in the microfinance space which can be capitalised upon going ahead.
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.
The company has applied for final license recently and is working to get its infrastructure in place, says PN Vasudevan, MD of Equitas Holdings.
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.