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.
Expect a 5-8 percent gold loan book growth in second half of FY18, said VP Nandakumar, MD & CEO, Manappuram General Finance
Shriram Transport Finance Corporation held a conference call on Friday post market hours. The management was trying to explain how the customers or the shareholders of Shriram Transport can gain from access to the banking channel which IDFC Bank has, Santosh Singh, Head of Research India at Haitong Securities told CNBC-TV18.
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.
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.
Rajiv Lall, MD & CEO of IDFC Bank said that about 45 percent of the outstanding credit of banking system is only to 300 corporates. About 60 percent of household savings are not in banks and hence there is a lot of opportunity to reach out to customers.
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.
IDFC Bank consummated a share purchase agreement today with Grama Vidayal, a microfinance firm. Grama Vidiyal, which has 1.2 million customers, with asset book of Rs 1,500 crore, is expected to be a 100 percent subsidiary of IDFC Bank.
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.
Rajiv Lall, MD & CEO of IDFC Bank believes that banks will have to be more payment bank-like to compete with payment banks.
Rural banking is less costly to build out, will be cash break even much sooner and will actually generate a return on equity (RoE) that we expect will be in the mid-teens within the next three to four years, says Rajiv Lall, MD & CEO, IDFC Bank
