Asset quality for the company has been steady and the recovery has been solid, said TT Srinivasaraghavan, MD, Sundaram Finance.
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.
“Finance Minister spoke a lot in terms of rural roads and rural irrigation projects. That is an area which potentially speaks to the construction equipment opportunity”, TT Srinivasaraghavan, Managing Director of Sundaram Finance told CNBC-TV18.
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.
Lower crude prices and overall macro environment aided growth for the MHCV segment. Now, expectation of a good monsoon is good news for the segment, said Managing Director TT Srinivasaraghavan.
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.
TT Srinivasaraghavan, MD, Sundaram Finance says the infrastructure story is yet to unfold. Only with an overall pick up in economy will the consumer goods business profit.
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.