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  • See FY18 net profit at Rs 435 crore; FY19 loan growth will be 40-50%: Bharat Financial

    Bharat Financial Inclusion had a very healthy third quarter as return ratios are back to being the best in the industry while robust growth in disbursements drives loan growth. Asset quality too improves substantially. In an interview with CNBC-TV18, MR Rao, MD & CEO of Bharat Financial Inclusion spoke about the results and his outlook for the company.

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

    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.

  • Will add 50 branches in this financial year, says Bharat Financial

    Will add 50 branches in this financial year, says Bharat Financial

    In an interview to CNBC-TV18, Ashish Damani, CFO of Bharat Financial Inclusion spoke about the results and gave his outlook for the company.

  • Valuation key in Bharat Financial deal; CV space to do well in Q3, Q4: IndusInd Bank

    Valuation key in Bharat Financial deal; CV space to do well in Q3, Q4: IndusInd Bank

    All parts of balancesheet on the loan side have done well in the first quarter, said Romesh Sobti, MD & CEO, IndusInd Bank.

  • 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.

  • Aspire to be the lowest cost lender in the country: Bharat Financial

    Aspire to be the lowest cost lender in the country: Bharat Financial

    In an interview to CNBC-TV18, MR Rao, CEO & MD of Bharat Financial Inclusion spoke about the results and his outlook for the company.

  • 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.

  • Slowdown post note ban to impact profitability: Bharat Financial

    Slowdown post note ban to impact profitability: Bharat Financial

    Speaking to CNBC-TV18, Ashish Damani, Chief Financial Officer at Bharat Financial Inclusion, said the microfinance company is working on a cashless model.

  • 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.

  • Bharat Fin hopes to keep FY17 loan book guidance at Rs 11k cr

    Bharat Fin hopes to keep FY17 loan book guidance at Rs 11k cr

    Rao says Bharat Financial will disburse an additional Rs 8,200 crore in the second half of current fiscal.

  • 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.

  • On track to achieve FY17 disbursement, profit target: Bharat Fin

    On track to achieve FY17 disbursement, profit target: Bharat Fin

    In an interview with CNBC-TV18, MR Rao, MD and CEO of the company said that loan repayments have been strong, with or without monsoon and proves to be no major issue for the company.

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