Government has released its borrowing plan for FY19. In an interview to CNBC-TV18, Sudha Suresh, MD & CEO of Ujjivan Financial Services discussed shared her views on the plan and gave her outlook for the future.
For the first two weeks after the cash ban the collections were down by 50 percent, says V Vaidyanathan, Executive Chairman of Capital First.
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.
On the RBI‘s decision to relax loan repayment for banks and NBFCs, as they will get an additional 60 days to for recognizing certain loans as substandard, Samit Ghosh said that this a positive circular in terms of provisioning but it should not be misinterpreted as a two month repayment holiday.
In an interview with CNBC-TV18, Suresh Ganapathy of Macquarie Capital Securities said that unsecured loans and consumer durables are likely to see higher non-performing assets (NPAs) in the NBFC sector.
Speaking to CNBC-TV18 Samit Ghosh, CEO & MD of Ujjivan Financial Services, said that they have deferred repayment schedules for his customers following the demonetisation move by the government.
Ramesh Damani‘s popular Wizards of Dalal Street is back, and this time Damani interviewed Rahul Rathi, MD & Chairman of Purnartha Investment Advisors. Rathi spoke about his two styles of investing: Invest in a business, and the other strategy is to invest in the businessman.
Ujjivan Financial Services Limited the micro finance lender announced interest cut Thursday to the tune of 75 basis points with effect for October 1, 2016.
In an interview with CNBC-TV18, Sudha Suresh, CFO of the company, said that the securitisation book is expected to be around Rs 1000 crore for FY17 and it plans to evolve its current set of products when converted to a small finance bank.
Cost to income may go up over 60 percent in next two years due to investments in tech and infrastructure advances, says Samit Ghosh MD & CEO, Ujjivan Financial Services.
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.
In an interview to CNBC-TV18 on the sidelines of an IDFC conference in London, CFO Sunil Kakkar says, provisioning has been done for up to 50 percent of the stressed book, largely in the infrastructure space, on its legacy books.