The banking landscape has changed dramatically with the merger of India’s biggest mortgage financier and biggest private sector bank by asset size. Yet, NBFCs have no reason to fret; they have the knowledge required to assess, lend and collect loans from their customers. Skills built, in many cases, over generations, says TT Srinivasaraghavan, former MD of Sundaram Finance.
Disbursement during this period was Rs 4307 crore, a gain of 8.5 per cent against the Rs 3,968 crore for the Q3 ended December 31, 2019
Lochan will be replacing Srinivasaraghavan, who will be completing his term of office on March 31, 2021, and is retiring from service after 38 years with the company.
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.
Maintaining the positive stance, TT Srinivasaraghavan, MD of Sundaram Finance, said the disbursements are not dramatically lower than what it was at the same point last month.
In an interview with CNBC-TV18, TT Srinivasaraghavan, MD of Sundaram Finance, discussed the state of the CV industry.
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.
Most of the NBFC’s that are listed, will fall under the new rule set out by the RBI of keeping 15% of their risk weight assets in the form of capital. TT Srinivasaraghavan, of Sundaram Finance says that while his company’s capital adequacy is already crossing 15%, he finds the central bank’s directive disappointing.