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The company's net interest margins stood at 8.93 percent in the second quarter of the current financial year, as compared to 8.26 percent in the year-ago period.
YS Chakravarti is of the view that there is a need to lower the limit for invoking the SARFAESI Act for NBFCs to enable faster resolution of stressed assets
Even as the overall sales of two-wheelers have not returned to pre-COVID levels and that people are also postponing their purchases due to higher running costs with petrol becoming costlier, a lot of demand is coming from rural and semi-urban areas.
Whether I have anything to say to the regulator, it is already done and dusted. The regulator is slowly moving us towards bank-like regulations or even tighter. Today we are probably governed tighter than banks on classification of NPAs, YS Chakravarti said.
