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Disbursements to grow 35 40% in FY19, says Bharat Financial Inclusion

videos | Apr 24, 2018 11:44 AM IST

Disbursements to grow 35-40% in FY19, says Bharat Financial Inclusion

Ashish Damani, Chief Financial Officer (CFO), Bharat Financial Inclusion, spoke to CNBC-TV18, says company has posted best ever quarter.

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Damani said that demand remained subdued in first two quarters because of demonetisation.
Talking about business, he said, "Our customer acquisition has picked up. We have done 11.5 lakh against 8.6 lakh in Q3. It is roughly about 30% increase on quarter-on-quarter basis.”
He further said disbursements post January 1, 2017 are seeing 99.8% collection efficiency.
“Assets under management (AUM) and disbursement growth is in line with what we have guided earlier. So we are looking at 45% growth in the coming year in portfolio outstanding basis. In terms of our disbursement, we are likely to grow between 35 and 40%,” said Damani.
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