Ashish Damani, Chief Financial Officer (CFO), Bharat Financial Inclusion, spoke to CNBC-TV18, says company has posted best ever quarter.
Recommended Articles
View All
This Microsoft project is enabling the digital presence of low-resource languages
Jan 30, 2023 IST7 Min(s) Read
CEOs, CXOs may see 9.1% salary hike, focus on performance-linked pay: Survey
Jan 30, 2023 IST4 Min(s) Read
Wizards of the Street | Cash is a depreciating asset and an opportunity, says Vijay Kedia
Jan 30, 2023 IST2 Min(s) Read
Prakash Javadekar — Challenging task in hand as Kerala in-charge of BJP
Jan 30, 2023 IST8 Min(s) Read
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.