On the margin front, Vishwavir Ahuja said margins are looking good now or maybe better than last quarter.
In an interview with CNBC-TV18, Rajeev Ahuja, ED of RBL Bank spoke about the latest happenings in his company and sector.
RBL Bank was a mixed bag in Q3 as loan growth takes care of topline growth but earnings miss estimates due to deterioration in asset quality. In an interview with CNBC-TV18, Vishwavir Ahuja, MD & CEO of RBL Bank spoke about the results and his outlook for the company.
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.
All parts of balancesheet on the loan side have done well in the first quarter, said Romesh Sobti, MD & CEO, IndusInd Bank.
The bank has been able to avoid the problems in power, infra and other sensitive sectors, Vishwavir Ahuja, MD & CEO, RBL Bank.
After Maharashtra and Uttar Pradesh, Punjab waives off loans. In an interview to CNBC-TV18, MR Rao, MD & CEO of Bharat Financial Inclusion spoke about the share of loans in UP, Maharashtra and Punjab.
In an interview to CNBC-TV18, Vishwavir Ahuja, MD & CEO, RBL Bank spoke about the results and his outlook for the company. "Our general long-term guidance is to grow between 30 percent and 35 percent every year and based on our vision 2020, indications that we gave last year at the time of initial public offering (IPO) that up until 2020 we should try and maintain annual growth rate in that range", he said.
The earlier avatar of wholesale financiers is DFIs - development finance institutions like IDBI, the old ICICI and IFCI. They failed and the first two got merged into their retail banks. But now with bank financing of infrastructure misfiring, is there a need to rethink the idea of DFIs
Vishwavir Ahuja, MD & CEO, RBL Bank is confident of an overall growth of 30-35 percent over the next couple of years and maintains loan growth of over 30 percent in FY17-18.
Speaking to CNBC-TV18, Vishwavir Ahuja, RBL Bank‘s Managing Director and Chief Executive Officer, said unexpectedly high loan growth in the third quarter had put it on track to meet its annual guidance of 30-35 percent.
RBL Bank did face minor challenges in some rural pockets due to lack of currency post demonetisation says Head of Strategy Rajeev Ahuja. However, he is quick to add that the impact of demonetisation has not been as severe as it had been anticipated to be.
The bank is well diversified in its portfolio, which has helped mitigate risks, said Vishwavir Ahuja, MD & CEO of RBL. Alongwith that the bank has tried avoiding lending to risker assets like infrastructure in last 3-4 years.
Vishwavir Ahuja of RBL Bank said that over the last several years, the various investments we have made across the platforms in terms of tech products and services have started paying back handsomely.
The industry's average growth is likely to hover around 10-11 percent due to factors like normalisation of financial markets, stronger India position and rate cuts introduced by the Reserve bank of India, said Rajeev Ahuja, Head Strategy, Retail And Financial Inclusion at RBL Bank.