Talking about the synergies of the combined entity, V Vaidyanathan, Chairman & MD, Capital First said they would be carrying capabilities of creating retail asset.
Discussions between RBI officials and company members have taken place but cannot say that there has been assurance from RBI with respect to the IDFC merger, said R Thyagarajan, Chairman, Shriram Group.
IDFC Ltd is the parent company of IDFC Bank and is the one which is going to drive IDFC-Shriram merger forward. In an interview to CNBC-TV18, Vinod Rai, Non-Executive Chairman of IDFC spoke about the same.
In an interview to CNBC-TV18's Nisha Poddar, R Thyagarajan, Founder Chairman of Shriram Group, Rajiv Lall, Founder MD & CEO of IDFC Bank and Ajay Piramal, Chairman of Shriram Capital spoke at length about the merger.
IDFC chief Vikram Limaye was on Wednesday appointed as the Chief Executive and Managing Director of the National Stock Exchange. Listing out his priorities once his appointment get SEBI nod, Limaye said NSE IPO will figure in his near-term priorities.
NIIF-RDIF will invest in 20 projects in the next 3-4 years, says Kirill Dmitriev, Chief Executive Officer of RDIF on the sidelines of the Brics summit event in Goa. The NIIF-RDIF joint fund worth USD 1 billion will lead to USD 10 billion worth of investments in India.
Nidesh Jain of Investec Capital Services spoke about the reverse merger among other things. He said Bajaj Finance & Bajaj Finserv are big beneficiaries among NBFCs.
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.
Indranil Pan estimates GDP growth for this fiscal at close to 7.3-7.4 percent and says the growth momentum for FY17 could face challenges unless corporate balance sheets imporve and global growth picks up
IDFC's MD & CEO Vikram Limaye says India should make use of the current turmoil in the global markets to attract more flows.
Finance company IDFC‘s shareholders have approved the demerger of its financial undertaking into IDFC Bank. With this approval most of IDFC to IDFC Bank conversion process will be completed.
In an interview to CNBC-TV18, Girish Nadkarni, Partner, IDFC Alternatives, said there has been a pick up in private equity investments in the past 6 months with a push for renewable sector in the last 8-9 months. He expects lower capital costs, interest rates to help pick-up in activity.
Suruchi Jain of Morningstar is not surprised and says all banks should be subjected to the same rules. Hence, the exemption is 30 percent of the eligible loans for the first year, which is the same for all the banks, the following years it will be taken up to 50 percent and 60 percent of loans.
Vikram Limaye said most institutions and banks have a good handle on the “problem assets†and that there has been no new increase in them.
Speaking to CNBC-TV18, Vikram Limaye, managing director and chief executive officer, IDFC, says though the government has taken some steps in the right direction, it will take atleast 18 months before investments pick up in new projects.
"We could have actually attracted all the capital that we needed to build out the country, whether it is from an infrastructure perspective, whether it is from a manufacturing perspective. We could have been in a completely different zone today," he told CNBC-TV18.
IDFC bought 74 percent equity in GMR's road project in Tamil Nadu. Sinha added that the company is looking at similar assets and has identified similar opportunities.
Speaking to CNBC-TV18, Rajiv Lall, CEO & MD, IDFC says he expects the company‘s non-performing assets (NPAs) to continue in the 1-1.5 percent range, far lower than the market standards.
Finance player IDFC maintains that the current fiscal will be challenging from a growth perspective.
IDFC is all set to meet the requirements of RBI guidelines for new banking license, the most important step being creation of non-operating holding finance company.
Rajiv Lall, chief executive and managing director, IDFC speaks about the need for policy credibility, the affect of retrospective amendments and growth plans of IDFC
This is the government's great Indian infrastructure dream. But the ground reality is a rude awakening. With a slowing economy, high interest rates and more importantly delayed decision making, infra projects and infra companies face an uncertain future.
The Infrastructure Debt Fund or IDF is yet another effort by the finance ministry to get foreign funds and domestic insurance money into Indian infrastructure projects.
Vikram Limaye, executive director of IDFC shared his views on many perceived problems in the energy or power space as the company has around 40% plus exposure on their books. He told CNBC-TV18 that the uncertainties in the power sector would continue although he is confident about the power sector exposure by the company.
Vikram Limaye, executive director of IDFC is concerned about infrastructure financing due to high interest rates. "We have seen slowdown in new projects," he said.