Expect 40-50% loan growth over next 2-3 years

Bharat Financial 's loan book will grow by 40-50 percent in 2-3 years, says company Managing Director and Chief Executive Officer MR Rao. While 30 percent growth will come from customer acquisitions, another 10 percent will come from an increase in ticket size. 

 

The company successfully raised Rs 750 crore via a qualified institutional placement (QIP), allocation shares at Rs 770 per share. It allocated 65 percent shares to existing investors giving the rest to new buyers. About 80 percent of the new allocation was to foreign investors and 20 percent to domestic investors. The company's return on equity (ROE) will go below 25 percent post its QIP. But Rao also adds that barring FY17, he expects ROE to be above 25 percent.

 

Get live News Updates visit us at Ripples Advisory or One Missed Call on @98-27-80-80-90