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  • No intent to sell stake in co but may raise stake: Manappuram's Promoter

    Expect a 5-8 percent gold loan book growth in second half of FY18, said VP Nandakumar, MD & CEO, Manappuram General Finance

  • Will move out of villages where there is no recovery, says Bharat Financial

    Will move out of villages where there is no recovery, says Bharat Financial

    Bharat Financial Inclusion has written off Rs 470 crore of nonperforming assets (NPA) this year. CNBC-TV18's Abhishek Kothari caught up with MR Rao, MD & CEO of the company and asked him about how much of this amount they hope to recover.

  • Merger will enable us to give higher ticket size loans: Bharat Financial

    Merger will enable us to give higher ticket size loans: Bharat Financial

    IndusInd Bank on Saturday confirmed its acquisition of microfinance institution Bharat Financial Inclusion after over a month of exclusive merger arrangement. CNBC-TV18's Kevin Lee caught up with Bharat Financial's MD & CEO, MR Rao.

  • IndusInd Bank, Bharat Financial enter agreement to evaluate strategic share swap deal

    IndusInd Bank, Bharat Financial enter agreement to evaluate strategic share swap deal

    The agreement provides for a mutually agreed exclusivity period for due diligence and discussions to evaluate a potential strategic combination between the two companies.

  • Don't see Karnataka loan waiver impacting repayment culture: Bharat Financial

    Don't see Karnataka loan waiver impacting repayment culture: Bharat Financial

    Maharashtra, Punjab and Uttar Pradesh (UP) have already given much more massive cuts. Now reports suggest that Karnataka has waived farmer loans worth Rs 8,167 crore.

  • Don't anticipate any impact of farm loan waiver on Punjab's book: Bharat Financial

    Don't anticipate any impact of farm loan waiver on Punjab's book: Bharat Financial

    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.

  • Will not look to stretch loan growth at 25%, says IndusInd Bank

    Will not look to stretch loan growth at 25%, says IndusInd Bank

    In an interview to CNBC-TV18, Romesh Sobti, MD & CEO of IndusInd Bank shared his expectations for FY18.

  • Half of Bharat Fin's at-risk portfolio likely to go bad: Analyst

    Half of Bharat Fin's at-risk portfolio likely to go bad: Analyst

    Bharat Financial Inclusion on Monday said that 4.5 percent of its gross loan portfolio is under risk of turning into bad loan in the on-going fourth quarter. In a concall, the management said that portfolio with more than 8 weeks overdue was at Rs 383 crore.

  • World could see a protectionism mega trend: Uday Kotak

    World could see a protectionism mega trend: Uday Kotak

    Speaking to CNBC-TV18, Uday Kotak said that the world could see a mega trend which is protectionism and in changing global narrative there will be some slowdown in trade.

  • Pain due to demonetisation, political compulsions: Bharat Fin

    Pain due to demonetisation, political compulsions: Bharat Fin

    Speaking to CNBC-TV18 PH Ravikumar, Non-exec Chairman, Bharat Financial said that they are perhaps the only sub-20 percent charging rural finance MFI.

  • Demonetisation: Capital First's GNPA can go up to 1.2% in Q3: Executive Chief

    Demonetisation: Capital First's GNPA can go up to 1.2% in Q3: Executive Chief

    For the first two weeks after the cash ban the collections were down by 50 percent, says V Vaidyanathan, Executive Chairman of Capital First.

  • SIT formation welcome; see over 90% repayments: Bharat Fin

    SIT formation welcome; see over 90% repayments: Bharat Fin

    The company is not worried over formation of SIT for MFIs because they have always adhered to the RBI guidelines, said Ashish Damani, CFO, Bharat Financial Inclusion.

  • We plan to bring MFIs under State Act, says Maha minister

    We plan to bring MFIs under State Act, says Maha minister

    In an interview with CNBC-TV18 Deepak Kesarkar, Minister of State for Home, Maharashtra said that there have been several complaints from districts across the state regarding harassment of women by MFIs.

  • See no farm loan waiver as cash woes may be short-lived:Religare

    See no farm loan waiver as cash woes may be short-lived:Religare

    The government is unlikely to go for a farm loan waiver this time around, says Parag Jariwala of Religare Capital markets. Earlier waivers had more to do with lack of funds due to crops getting impacted by drought. However, the current cash crunch from demonetisation might soon get resolved so there is not much case for a waiver, Jariwala notes.

  • Expect 40-50% loan growth over next 2-3 years: Bharat Fin

    Expect 40-50% loan growth over next 2-3 years: Bharat Fin

    The company successfully raised Rs750 crore via a Qualified institutional placement (QIP), allocation shares at Rs 770 per share. It allocated 65 percent shares to existing investors giving the rest to new buyers.

  • Bharat Financial President Dilli Raj resigns

    Bharat Financial President Dilli Raj resigns

    Raj‘s judicial custody has nothing to do with Bharat Financial, says PH Ravikumar, non-executive chairman of the company. The resignation is his personal decision, he adds.

  • IDFC may gain from collapsing holding co structure: Investec Cap

    IDFC may gain from collapsing holding co structure: Investec Cap

    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.

  • Bharat Fin not eyeing a banking licence now: PH Ravikumar

    Bharat Fin not eyeing a banking licence now: PH Ravikumar

    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.

  • Brexit won't hit rural economy, but inflation will: Bharat Fin

    Brexit won't hit rural economy, but inflation will: Bharat Fin

    The company's cost of borrowing is at 9.2 percent currently, same as the fourth quarter of last fiscal year, said PH Ravikumar, Non-Executive Chairman, Bharat Financial Inclusion. He said it can decline by 25-50 basis points (bps) going ahead.

  • Upbeat on rural consumption; govt to push infra spend: SKS Micro

    Upbeat on rural consumption; govt to push infra spend: SKS Micro

    "The worst of El Nino is behind us, so the weather this year should also be better," says PH Ravikumar, Chairman, SKS Microfinance.

  • Maintain 50% FY16 PAT growth guidance: SKS Microfinance

    Maintain 50% FY16 PAT growth guidance: SKS Microfinance

    Dilli Raj, president, SKS Microfinance says the company's asset under management (AUM) will grow by 50 percent.

  • Refinancing to lower borrowing costs by 25bps: SKS Micro

    Refinancing to lower borrowing costs by 25bps: SKS Micro

    The company has received a refinance line of Rs 100 crore at 10 percent per annum from Micro Units Development & Refinance Agency Limited (MUDRA).

  • SKS Micro revises FY16 profit guidance by 23% to Rs 290cr

    SKS Micro revises FY16 profit guidance by 23% to Rs 290cr

    In an interview with CNBC-TV18, President S Dilli Raj said the company's business had crossed Rs 5,434 crore in loan portfolio.

  • Interest rate cut unlikely to impact profits: SKS Micro

    Interest rate cut unlikely to impact profits: SKS Micro

    SKS Microfinance Limited today announced a 1.25 percent cut in interest rates charged to its borrowers from 22% to 20.75% effective from October 01, 2015.

  • SKS Micro ups FY15 profit guidance; to raise up to Rs 400cr

    SKS Micro ups FY15 profit guidance; to raise up to Rs 400cr

    SKS plans to raise capital of up to Rs 400 crore in the next financial year with a maximum dilution of 20 percent as it sets out to create SKS Microfinance 3.0

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