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Managing Director SK Hota said going forward, every quarter is expected to be a better quarter.
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Gruh Finance's Q3 earnings beat estimates as the company saw strong disbursement growth on low-base effect. In an interview with CNBC-TV18, Sudhin Choksey, MD of Gruh Finance spoke about the results and his outlook for the company.
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In an interview to CNBC-TV18, Sudhin Choksey, MD of Gruh Finance shared his expectations on the affordable housing segment in the upcoming Budget and gave his outlook for the future.
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Gruh Finance saw strong disbursements in the quarter gone by but loan growth was on the lower side. In an interview to CNBC-TV18, Sudhin Choksey, MD of Gruh Finance spoke about the results and his outlook for the company.
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In an interview to CNBC-TV18, Sudhin Choksey, MD of Gruh Finance spoke at length about the extension of affordable housing scheme and the latest happenings in the company.
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The time taken for implementation of RERA Act by various states will be different. So it could well be 6-9 months before it starts functioning properly, says Sudhin Choksey, MD, Gruh Finance.
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Speaking to CNBC-TV18 Anshula Kant, Deputy MD & CFO of SBI said that deposit growth has been strong for the bank. Sudhin Choksey, MD of Gruh Finance, said that demand side incentives are a significant relief to families in the segment. Jairam Sridharan, CFO, Axis Bank said the government schemes are good.
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GRUH Finance reported a good set of numbers in the second quarter ended September on the back of a strong loan growth. The company‘s management has said that pure home loan portfolio will continue to grow at 20 percent going ahead.
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Budget 2016 real estate allotment and 'Housing for All' initiative will improve the industry conditions in India, says Sudhin Choksey, the managing director of Gruh Finance.
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Managing Director of GRUH Sudhin Choksey says the company‘s gross non-performing assets (NPA) rose to 0.58 percent and its asset quality is under pressure.
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The company‘s gross NPA improved to 0.28 percent versus 0.57 percent QoQ.
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On the back of land acquisition ordinance and statements of affordable housing from government, he thinks the credit growth is likely to see an improvement, says Sudhin Choksey, MD of Gruh Finance.
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The company posted a net interest income of Rs 125 crore for the first half of FY14. Also, the net interest margins ratio of the company is at around 4.14 percent, marginal reduction from the FY13 NIM of 4.38 percent.
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Sudhin Choksey, MD of Gruh Finance feels the RBI initiative will certainly benefit the company as the funds flowing from the banks would now be considered for the priority sector.
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Sudhin Choksey, managing director, Gruh Finance, a subsidiary of HDFC Ltd, explains to CNBC-TV18 that there has been no impact on interest rates since the State Bank of India announced a cut in home loan rates for new customers.
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Sudhin Choksey, MD, Gruh Finance, says that the bank borrowing cost and NHB refinance cost has also not reduced which is a worrying factor.
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Sudhin Choksey, managing director of Gruh Finance in an interview to CNBC-TV18 spoke about the latest happenings in the company and the road ahead.
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In an exclusive interview with CNBC-TV18's Ekta Batra and Reema Tendulkar, Sudhin Choksey, Managing Director of Gruh Finance sees the Net Interest Margin for FY11 at around 4%. He also says that there has been 28% growth in oan assets and the disbursements have been to the tune of almost 71%.
