In an interview to CNBC-TV18, TT Srinivasaraghavan, MD of Sundaram Finance spoke about the latest happenings in the company and the sector.
Non-banking financial companies (NBFCs) are in focus, particularly the commercial vehicle financiers. In an interview to CNBC-TV18, TT Srinivasaraghavan, Managing Director of Sundaram Finance shared his views on how goods and services tax (GST) has impacted business.
Non banking financial companies (NBFCs) are regaining the spotlight as the Central Board of Direct Taxes (CBDT) has exempted certain cash transactions from the purview of Rs 2 lakh restriction. In an interview to CNBC-TV18, TT Srinivasaraghavan, MD of Sundaram Finance spoke about the same.
In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy & Anuj Singhal, TT Srinivasaraghavan, MD of Sundaram Finance said that demonetisation is fairly behind for the NBFC sector.
Speaking to CNBC-TV18 TT Srinivasaraghavan, MD of Sundaram Finance, said that demonetisation has been less painful than all of us might have feared.
While SREI Infra fits the criteria laid out in the draft guidelines and is also well capitalised, Vice Chairman Sunil Kanoria says, no decision has been made yet on applying for a license.
In an interview to CNBC-TV18, he says the good part is that some of the irritants in the draft regulations have been removed from the final guidelines.
The industry is likely to to go through a rough time this year because of the way things are panning out in the broader economy, says TT Srinivasaraghavan, MD Sundaram Finance.