Dinanath Dubhashi, MD & CEO of L&T Finance Holdings said L&T Finance works for only one important stakeholder and that is shareholder.
CNBC-TV18's Latha Venkatesh from the sidelines of The Motilal Oswal 13th Annual Global Investor Conference interviewed heads of top NBFCs to talk about the new challenges facing the Indian financials.
Have bought 4 lakh shares of L&T Finance Holdings at an average price of Rs 80 per share, over a period of time, said Harsh Mariwala, Chairman, Marico.
Lenovo continues to remain optimistic about sales even post demonetisation. In a interview with CNBC-TV18, Sudhin Mathur, Executive Director of Lenovo's mobile business says the cash crunch has not had much of an impact on sales of higher price band phones.
L&T Finance Holdings is focusing on improving its return on equity (RoE) to around 18-19 percent by the year 2020 from around 10 percent reported in FY16.
Deosthalee says L&T Finance is currently focusing on lending only to renewable energy and operational projects within the infrastructure space, adding there is likely to be some improvements in the road sector over the next few months.
Post this capital infusion by Bain Capital, the capital adequacy for the company would go up by 2 percent from the current 14.5 percent, said , N Sivaraman, President & Whole Time Director, L&T Finance Holding.
In an interview with CNBC-TV18, Rajesh Doraiswamy, Joint Managing Director of Salzer Electronics said the funds raised through QIP will be used as growth capital.
In an interview to CNBC-TV18, Sivaraman said commercial vehicle loan growth was likely to be low in the near term even as there were some signs of recovery
The NBFC company expects more guidelines from the central bank on the same.
N Sivaraman also commented on L&T Finance Holdings current state of business. He says in terms of core competencies, it is either the number 2 or the number 3 player in every segment it is present in, except the commercial vehicles space.
Speaking to CNBC-TV18, president & whole time director N Sivaraman said if there is an opportunity, and the Reserve Bank is favourably disposed, then they will definitely look at acquiring a bank licence.
Among group companies, L&T Finance Holdings is most likely to apply for banking license, CMD YM Deosthalee clarifies.
RBI on Friday laid the new bank licensing norms. If an NBFC (Non-Banking Financial Banking Company) does convert into a bank, N Sivaraman, President & Wholetime Director, L&T Finance, told CNBC-TV18 that they have to very carefully phase it.
In an interview to CNBC-TV18, R Shankar Raman, chief financial officer, L&T says clearance of Banking Bill is a positive.
L&T Finance Holdings has acquired auto finance company FamilyCredit from its French parent for Rs 120 crore.
N Sivaraman, president and whole-time director of L&T Finance Holdings spoke to CNBC-TV18 about the latest happenings with the company and the way ahead.
In an interview to CNBC-TV18, N Sivaraman, president and whole-time director of L&T Finance Holdings says, in the next quarter, he sees benign interest rate environment on the fixed rate. “That should help the NBFCs a bit,” he adds.
The new banking license guidelines are in-line with our expectations, said YM Deosthalee, chairman and managing director of L&T Finance Holdings.