The drought in Karnataka is not new. However, the company in the last two years have not faced any problems due to drought, said PH Ravikumar of Bharat Financial Inclusion.
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.
In conversation with CNBC-TV18, PH Ravikumar, Non Executive Chairman, Bharat Financial Inclusion, said demonetization will be a problem for MFIs for 10-12 days. There may be 2-3 weeks delay in payments but it will be caught up in the next 5 months.
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.
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.
"The worst of El Nino is behind us, so the weather this year should also be better," says PH Ravikumar, Chairman, SKS Microfinance.
PH Ravikumar, non- executive chairperson - interim, SKS Microfinance says, loan securitisation is a part of ongoing fund raising exercise. He expects a qualified institutional placement (QIP) by month-end.
Shares of SKS Microfinance, India's largest and only listed microfinance company, fell over 8% in opening trades after it posted a third consecutive quarter of loss.
SKS Microfinance, India's largest and only listed microfinance company, Founder and Chairman Vikram Akula may exit the company, newspapers reported on Wednesday, quoting unnamed sources.
The December inflation has come in at 8.4% today. This is capping the week when even the prime minister held several consultations. But, he was unable to propose any concrete plan to be able to bring inflation under control. Can we do anything to rectify the situation? Are we faced with fate comply?