Shriram City Union Finance posted its Q2 earnings with disbursals quarter-on-quarter (QoQ) up 130 percent. However, the year-on-year (YoY) disbursals are still down about 40-41 percent. YS Chakravarti, MD and CEO of the NBFC company speaks to CNBC-TV18 on results and business outlook.
“On two-wheeler front with the festival season on we see that two-wheeler disbursals are going to pick up. On the SME front, Q2 has actually done about Rs 360 crore of disbursals which we expect to pick up in the next two quarters. October has been good, we have done about Rs 250 crore disbursals in October alone,” Chakravarti said.
While giving guidance, Chakravarti said, “Credit cost should more or less remain in the range between 2.7-3 percent, on the AUM side probably we had a negative two-quarter growth probably we will make it up and then we will have slight positive AUM by end of March. Net interest margins (NIMs) will remain steady.Watch the video for more