CEO and director of Microfinance Institutions Network (MFIN) Alok Misra said there are 7.3 crore low-income borrowers in the country at present with an outstanding portfolio of Rs four lakh crore.
All the parameters of the company look positive and so they expect their rating to improve going forward, said Kailash Baheti, CFO, Magma Fincorp.
In an interview to CNBC-TV18, PN Vasudevan, MD of Equitas Holdings spoke about the results and his outlook for the company.
Muthoot Capital Services has been able to maintain disbursement growth rate despite demonetisation impact, according to Chief Executive R Manomohanan. The two-wheeler finance company reported a 6 percent growth (YoY) in net profit at Rs 6.44 crore in the quarter ended December 2016.
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.
The impact of demonetisation seems to be waning as improving access to currency has led to robust collections and disbursements for Ujjivan Financial Services, says CFO Sudha Suresh.
Collections in the North for Satin Credit Care have started picking up but disbursements may gain traction once currency supply increases, says Founder and MD HP Singh.
REC‘s restructured book has had no new loan additions during the quarter says Ajeet Kumar Agarwal, Director-Finance of REC while sharing details on the second quarter results with CNBC-TV18.
In an interview to CNBC-TV18, Ramesh Iyer, Vice Chairman & MD, M&M Financial Services spoke about the results and his outlook for the company.
The company is predominantly in 2 wheeler financing, says R Manomohanan of Muthoot Capital Services.
Non-banking finance company Sundaram Finance has recorded a five per cent rise in its net profit for the financial year ending March 31, 2016 at Rs 477 crore.
Hemant Kanoria, CMD of the company told CNBC-TV18 that disbursements improved in Q3 and the profitability expected will be visible next fiscal onwards.
In an interview to CNBC-TV18, R Manomohanan, CEO, Muthoot Capital Services shares his views on the company and future expectations. He believes disbursements next year will be slightly better than this year. The company is eyeing lower non-performing assets in Q4FY15 on year-on-year basis.
The collections of the company have improved for the past five months, said MD Vellayan Subbiah.
Indiabulls Housing Finance posted a consolidated profit of Rs 478 crore, up 21 percent, as against Rs 395.1 crore on a year-on-year basis in its third quarter ended December.
R Varadarajan, MD, Repco Home Finance sees 25-30 percent growth in disbursements for balance of FY15 as well as NIM to remain stable at 4.5 percent.
Small Industries Development Bank of India (SIDBI) said that it expected a 10 percent growth in loan disbursements in FY14 at Rs 44,000 crore.
Kapil Wadhawan, CMD, Dewan Housing explain on CNBC-TV18, after the announcement of results, that the total income for Q3 stood at Rs 840.6 crore and disbursements grew 30.86 percent. The company has not witnessed a significant fall in overall costs and the net profit for the quarter stood at Rs 91 crore.
SREI Infrastructure Finance Ltd has reported their second quarter results. The company's net profit took a hit, coming in at Rs 24 crore as against Rs 78 crore on a year-on-year (YoY) basis.
Aiming at a 50% growth, Magma Fincorp today said it plans to romp up disbursements around Rs 8,000 crore nationally this financial year, of which about Rs 375 crore would be in Kerala.